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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Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers