Stagecoach estimates £24.2m pension hit from GMP equalisation

James Phillips
clock • 2 min read

Transport company Stagecoach has estimated it will need to pay £24.2m to equalise guaranteed minimum pensions (GMPs) for members of its defined benefit (DB) scheme.

Following the High Court's ruling in the Lloyds Bank case in October, the firm anticipated a 21% growth in the Stagecoach Group Pension Scheme's (SPS) deficit directly due to GMP-related liabilitie...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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