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

PASA publishes further data guidance

PASA publishes further data guidance

Organisation has launched data quality guidance and a data improvement plan template

Holly Roach
clock 19 November 2025 • 1 min read
People's Pension launches digital pension finding tool

People's Pension launches digital pension finding tool

‘Pension Finder’ service will be free to use for its seven million members

Jasmine Urquhart
clock 14 November 2025 • 2 min read
Broadstone launches GMP equalisation service

Broadstone launches GMP equalisation service

'GMPE Now' aims to complete equalisation projects within 18 months

Jasmine Urquhart
clock 11 November 2025 • 1 min read
Trustpilot