The Pension Review Group was established in 2004 because for several years pensioners received no annual cost of living increase to their pensions.  The group, led by John Freeman, fought a vigorous campaign to reinstate inflationary increases and for a few years we received payment in line with the UK Retail Prices Index (RPI).  

This arrangement ceased in 2009 after the Thomson organisation of Canada acquired Reuters and once again the PRG lobbied the Company, by then Thomson Reuters, for a resumption of the cost of living adjustment (COLA).  Finally, in 2012 the trustees and Thomson Reuters reached an agreement to pay pensioners an increase in line with RPI, but capped at 2.5% for a period of ten years.

This agreement was later extended by each of the subsequent owners of Reuters’ former terminals and data business (first Blackstone, and now LSEG).  The current agreement expires at the end of 2027.  Full details of our campaigns can be found in this website’s Archive.