Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
This is a drastic increase from the previous year, when just 13% of schemes said GMP equalisation was a priority for them. The administrator's survey - which questioned more than 300 pension professionals...
The pensions industry still has a number of questions following the publication of HM Revenue and Customs’ (HMRC) guidance on tax issues covering GMP equalisation.
HM Revenue and Customs (HMRC) has published guidance on the pension tax issues arising from equalising benefits for the effect of inequalities in guaranteed minimum pensions (GMPs).
PASA’s DB transfers code of good practice is asking the industry to commit to delivering faster, safer transfers. Holly Roach reports
The Association of Consulting Actuaries (ACA) is calling on the Pension Protection Fund (PPF) to review how insolvency risk methodology will change from next year.
Premier has received accreditation from the Pensions Administration Standards Association (PASA).