The government must work with HM Revenue and Customs (HMRC) and the wider industry to clarify GMP equalisation uncertainties, Mercer says.
Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.
The government has launched a consultation seeking views on its proposals on how it will continue to provide full indexation of public service pensions, including any GMP element.
This week’s top stories include XPS Pensions research showing GMP equalisation back payments owed to members could be as high as £25,000. Also, a quarter of institutional investors are to increase their investment in cryptoassets by 2025.
Alan Casey sets out how schemes can use HMRC GMP listings even where they are riddled with errors
The GMP Equalisation Working Group (GMPEWG) has published guidance on the key data aspects involved in equalising for the sex based inequalities of GMPs.
Red tape preventing pension schemes from managing the barriers around GMP equalisation is leading to many combining conversion with pension increase exercises (PIE), Aon says.
Rebecca Morgan looks at the data issues surrounding transfers out and GMP equalisation
With bulk annuity markets becoming increasingly busy before Covid-19, James Geer looks at what steps trustees can take to improve their chances of transacting.
There are many reasons why trustees may need to complete a benefit rectification exercise. Faye Jarvis explores the key considerations in these instances.
30 years after the infamous Barber judgment, Tom Yorath looks at how the GMP equalisation problem has progressed against advances in technology
While HMRC guidance on GMP equalisation contains both good and bad news for schemes, it does allow them to get going on the process, says John Wilson.
Key players in the Dock Workers Pension Fund tell James Phillips the tale of getting to endgame ahead of plan
HM Revenue and Customs has extended the deadline for the issue of final reconciliation data cuts due to the coronavirus outbreak.
Mark Smith looks at the next instalment of the Lloyds Bank's GMP equalisation court hearing, and what it could entail for pension transfers.
This week’s top stories included the launch of Scottish Widows’ new responsible investment team, and reports of Treasury plans to cut pension tax relief for high earners.
The pensions industry still has a number of questions following the publication of HM Revenue and Customs’ (HMRC) guidance on tax issues covering GMP equalisation.
One in three say bringing projects together will be more efficient.
The lack of clarity from HM Revenue and Customs (HMRC) on guaranteed minimum pension (GMP) equalisation is “no excuse” for stalling implementation, says Aon.
Employers are increasingly concerned about the costs and complexity associated with equalising guaranteed minimum pensions (GMPs), according to the Association of Consulting Actuaries (ACA).
With schemes facing more administration tasks than ever, it is important the industry attracts new talent to help with potential capacity problems, says Kim Gubler.
Philip Collins – a columnist on The Times and the former chief speech writer for prime minister Tony Blair – will deliver the closing keynote at the PP Trustee Senate, which will take place on 3 and 4 October at the Hanbury Manor Hotel and Spa in Hertfordshire....
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.