Four tips to help schemes manage GMP equalisation

James Double considers the worries pension boards may have around equalisation

clock • 3 min read
James Double
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James Double

GMP equalisation – the equalisation of the amount of guaranteed minimum pension (GMP) between the sexes is increasingly one of the top priorities for pension schemes.

Since the 2018 Lloyds case in the High Court, trustees are now legally obliged to address benefit inequalities between male and female members arising from GMPs and to adjust benefits accordingly. ...

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