Image:
The GMP fixed rate revaluation rate will reduce to 3.25% from 3.5% per year
The government has confirmed it will reduce the GMP fixed rate revaluation rate for early leavers from 3.5% to 3.25% per year.
In response to its consultation - published last year - the Department for Work and Pensions (DWP) said the new rate will apply to members where applicable from 6 April 2022. Where a member of a...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
