How Does High Inflation Affect Your Pension Growth?

The annual allowance for a defined benefit scheme like the NHS is the growth. That is calculated as you just outlined and I'm not going to repeat that But it's got something to do with number 16 and inflation Because we and you alluded to this earlier, maybe some of the treasury don't understand that We'll talk about that in a bitOkay, so that's how the growth is calculated but why is high inflation a problem for that calculation specifically at the moment? Okay, so what we've essentially got is a disconnect going on in inflation And partly this is just how the legislation was written over 10 years ago now.