Schemes leaning towards conversion method for GMP

ACA finds trustees are critical of the dual record approach

Hope William-Smith
clock • 1 min read
Schemes leaning towards conversion method for GMP

Employers and pension schemes obligated to undertake GMP equalisation are keen to use the conversion method rather than the dual record approach, the Association of Consulting Actuaries (ACA) says.

The final report of the ACA's 2021 pension trends survey - ‘ Pensions: Key reforms still needed to avoid crisis' found that while conversion is the favoured method, many schemes are also yet to mak...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

PP Events: Coming up this Autumn

PP Events: Coming up this Autumn

PP is holding a range of events during September, October and November

Professional Pensions
clock 25 July 2024 • 1 min read
Trustee board effectiveness and lessons learnt the hard way from jury service

Trustee board effectiveness and lessons learnt the hard way from jury service

Nicole Johannesen looks at three Ps that can help make sure you have an effective board

Nicole Johannesen
clock 25 July 2024 • 3 min read
FCA's British Steel pensions redress scheme pays out just £8.7m

FCA's British Steel pensions redress scheme pays out just £8.7m

Total redress was lower than £50m estimate due to ‘changing economic conditions’

Sahar Nazir
clock 24 July 2024 • 2 min read
Trustpilot