GMP 3% uprating order approved in parliament

Parliamentarians support GMP uprating but raise issue of pensioner poverty and AE reform bill

Jasmine Urquhart
clock • 2 min read
Pensions minister Paul Maynard set out the draft GMP uprate rules for 2024/25 in Parliament yesterday
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Pensions minister Paul Maynard set out the draft GMP uprate rules for 2024/25 in Parliament yesterday

The annual uprating order for GMPs has been approved at 3% after a parliamentary session yesterday (31 January).

Setting out the draft GMP increase order for 2024/25 in parliament yesterday, pensions minister Paul Maynard said with inflation having been measured at 6.7%, the GMP increase, set for 6 April, wou...

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Jasmine Urquhart
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Jasmine Urquhart

Senior Correspondent at Professional Pensions

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