Beneficiaries

An exciting day for former BBC staff: revelation of the RPI for December, which determines the increase in their pensions from April.  In the past three years, they've enjoyed rises of 0.9%, 2.4%, 4.8%, eclipsing the fortunes of most of those working for Auntie. Some, like Alan Yentob, are taking a pension and a salary.  Which will be the higher long term ?

• Post-pub update. 4.8%.