DWP confirms GMP revaluation rate reduction

The government confirmed the new 3.25% per year rate would be adopted from 6 April 2022

Holly Roach
clock • 2 min read
The GMP fixed rate revaluation rate will reduce to 3.25% from 3.5% per year
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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...

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