DWP publishes GMP conversion guidance

Holly Roach
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The DWP produced the guidance to assist occupational pension schemes yet to address inequalities
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The DWP produced the guidance to assist occupational pension schemes yet to address inequalities

The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.

This comes after the landmark judgment in October where the High Court ruled pensions provided to members who had contracted-out of their scheme must be recalculated to ensure payments reflect the equalisation...

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