GMP equalisation to 'cost half as much as expected'

James Phillips
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GMP equalisation to 'cost half as much as expected'

The cost of equalising guaranteed minimum pensions (GMPs) has been revised down by around £7bn, nearly half that of an initial £15bn estimate.

A Hymans Robertson analysis of a £30bn sample of UK defined benefit (DB) schemes found sponsors may have to stump up a figure closer to £8bn. Schemes are required to fund the difference between ...

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