UK Parliament home

This petition was submitted during the 2017 to 2019 Parliament

View other petitions from this Parliament

Closed Protect hundreds of thousands of savers by preserving NS&I's use of the RPI

Closed on

Reverse Treasury-backed NS&I's decision to switch the formula for increasing its index-linked savings certificate from the RPI to the CPI from May 2019 – and protect half a million pensioners' incomes.

Around 500,000 people hold NS&I's index-linked savings certificates. From May 2019 NS&I is switching its measure of inflation from the retail prices index to the consumer prices index.
This will lower the interest the certificates pay as CPI is usually lower. NS&I says the switch is in line with Government policy. Yet rail fares and student loans increase with RPI. The Government should honour the original terms of the certificates until such a time as taxpayer costs are also increased with CPI.

3,680 signatures

Show on a map

10,000

Petition progress

View all updates for this petition, with the most recent first.

  • Petition closed

  • Petition published

    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 5 June 2019.