The cost of equalising guaranteed minimum pensions (GMPs) will be less than 1% of total scheme liabilities for over half of all schemes, XPS Pensions has found.
In a survey of 90 clients with 31 December 2018 year-end, the consultancy found 34% of schemes reported a cost of less than 0.5% on an accounting basis. Meanwhile 23% had a cost of between 0.5% ...
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