Implementation of Lloyds GMP ruling will be simpler than it looks, lawyers say
The High Court ruling on guaranteed minimum pension (GMP) equalisation may have said various methods were possible but, in practice, schemes will find it fairly easy to implement, legal experts say.
In a landmark decision last week, the High Court ruled in the Lloyds case - saying pensions provided to members who had contracted-out of their scheme must be recalculated to ensure payments reflect the...
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