GMP Equalisation

Nicola Rondel looks at how to approach the issue of GMP equalisation and transfers when schemes do not have the full picture

Trustees receive a huge amount of guidance, but is it all useful? Holly Roach reports.

Schemes could be charged a £1.5bn bill to equalise past defined benefit (DB) scheme transfers after last year’s landmark GMP equalisation ruling, says Buck.

The government has confirmed it will discount GMP conversion as a long-term policy solution for public service pension schemes and make full GMP indexation the permanent solution.

Less than half (45%) of trustees and pension scheme administrators say their schemes have accurate accrued pension amounts available digitally for all members, according to PP research.

Jonathan Stapleton speaks to Hymans Robertson senior partner John Dickson and managing partner Shireen Anisuddin as the firm celebrates its 100th anniversary, discussing the consultancy’s first 100 years and looking to the future of both its business...

Pension professionals will need to get to grips with a number of points in order to effectively implement the most recent GMP decision, write Stephen Richards and Julia Ward.

The GMP Equalisation Working Group has published further good practice guidance covering the tax issues relating to the equalisation of GMPs.

The government must work with HM Revenue and Customs (HMRC) and the wider industry to clarify GMP equalisation uncertainties, Mercer says.

Steve Nicholson looks at how schemes can go about implementing the most recent Lloyds ruling