A consultation from the Department for Work and Pensions which has just closed proposes a new way to do GMP equalisation. Michael Klimes finds out how safe it is for trustees to use
For years the pensions industry has wanted government to explain how the business of guaranteed minimum pension (GMP) equalisation can be made easier. A consultation from the Department for Work and Pensions...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.