Lloyds heads to court over GMP issue
A potentially landmark case has been launched in the High Court as Lloyds Bank seeks guidance on how to address equalisation of guaranteed minimum pensions (GMPs).
A coalition involving the bank, its union, and its pension trustees have today (5 July) begun a ‘part eight claim' seeking input on whether the trustees need to equalise how GMPs are treated and, if so,...
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RBS reports £100m GMP impact; slashes equity exposure by two thirds
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Good communications are more important than ever
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point