Under the Rules of the 大象传媒 Pension Scheme, pensions in payment are reviewed annually and guaranteed increases are awarded on 1 April based on the Retail Prices Index (RPI) or Consumer Prices Index (CPI) for the previous calendar year ending 31 December, subject to a cap.
The published RPI for the calendar year ending 31 December 2024 was 3.5% and the CPI was 2.5%.
CAB 2011 Members
Pensions in payment are guaranteed to increase by the lower of CPI and 4%.
Old Benefits, New Benefits and CAB 2006 Members
Pensions in payment are guaranteed to increase by the lower of RPI and:
- 10% for Old Benefits pensions;
- 5% for New Benefits pensions; or
- 2.5% for CAB 2006 pensions
If you started to receive an Old Benefits or New Benefits pension in the last year you may receive a proportion of any increase awarded, to reflect the number of complete months from the time you left service to 1 April.
NOTE: Old Benefits members who elected to participate in the Pension Increase Exchange (PIE) exercise receive future increases only on the non-exchanged element of their pension.
Pension increase letters and P60s
We’ll tell you about the increase in your pension in April. If you are registered with look out for an email from 大象传媒 Pension and Benefits Centre in the first week of April to let you know that your Pension Increase letter and P60 are available for you to view online.
If you do not have an account your pension increase letter and P60 will be posted to your home address later in April. The fastest way to find out about your pension increase is to register for by going to and clicking on the “Register now” button.
With you can tell us about any changes of address or contact information, change the bank account that your pension is paid into. You will have access to your pension payslip information, previous years’ annual pension increase letters and P60 statements, and information about your tax code.