Updated: Landmark GMP ruling 'significant challenge' for schemes

Holly Roach
clock • 7 min read

Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.

It also stated that trustees that did not calculate a GMP when making the transfer may have "committed a breach of duty" if they made an "inadequate" payment. The judgment in the second instalme...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Admin / Technology

PMI renews partnership with Mortality Manifest

PMI renews partnership with Mortality Manifest

Partnership to provide webinars, interviews and panel discussions for members

Jasmine Urquhart
clock 12 January 2026 • 1 min read
First Actuarial assists £1bn DB scheme to complete dashboards connection

First Actuarial assists £1bn DB scheme to complete dashboards connection

Scheme completes connection ahead of October 2026 deadline

Martin Richmond
clock 12 December 2025 • 1 min read
PP Admin and Data forum 2026: Keynote announced

PP Admin and Data forum 2026: Keynote announced

Our annual event will take place on Thursday 6 March in London at 22 Bishopsgate

Professional Pensions
clock 09 December 2025 • 1 min read
Trustpilot