GMP equalisation: Eight action points for pension schemes

Kim Kaveh
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Hogan Lovells has given its top GMP equalisation tips for schemes
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Hogan Lovells has given its top GMP equalisation tips for schemes

Hogan Lovells sets out what pension funds need to do for equalising guaranteed minimum pensions (GMP) in light of the landmark Lloyds judgment.

On 26 October, the High Court ruled that schemes must equalise for the effect of GMPs providing different benefits for men and women. While there will be added costs and administration for schemes, the...

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