GMP Equalisation

Buck's David Piltz says the industry was shaped by several developments in 2018, many of which will continue to influence the sector this year.

The combined pension deficit of FTSE 350 companies grew by £9bn in December 2017 to £41bn one year later on an accounting basis, according to Mercer's funding tracker.

Members and trustees will never understand GMP calculations, and the regulator should not be allowed to create its own rules, according to this week's Pensions Buzz respondents.

As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.

Transport company Stagecoach has estimated it will need to pay £24.2m to equalise guaranteed minimum pensions (GMPs) for members of its defined benefit (DB) scheme.

The UK's 5,600 defined benefit (DB) schemes saw their funding positions improve by one percentage point over the course of November, according to JLT Employee Benefits.

Trustees should not suspend DB to DC pension transfer activity following the recent GMP equalisation ruling, say this week's Pensions Buzz respondents.

XPS Pensions Group's revenue totalled £52.2m in the six months to 30 September, according to its interim results.

The pensions industry is split on its approach to dealing with the GMP equalisation, Aon says.

Peter Askins says the industry needs to recognise that if administration standards are to be maintained and improved, this will come at a cost