GMP Equalisation

This week's top stories included the GMP Equalisation Working Group publishing a call to action to help schemes begin the process.

The Guaranteed Minimum Pension Equalisation Working Group (GMPEWG) has published a call to action to assist schemes in the first stage of the process.

FTSE 350 defined benefit (DB) schemes are "bunching" around an average discount rate of 2.8% due to higher yields and a tougher stance from auditors, Hymans Robertson research finds.

HM Revenue and Customs' (HMRC) guaranteed minimum pension (GMP) equalisation working group has revealed the guidance needed to avoid potential tax consequences will not be updated before the autumn.

ITM director Maurice Titley looks at the next steps schemes should take on GMP equalisation.

The industry-wide GMP equalisation group has created five sub-committees to each work on a key component of the guidance. Holly Roach reports

This week's top stories included the Financial Conduct Authority announcing it would carry out further investigations on defined benefit transfers.

This week's Pensions Buzz respondents were split on whether more schemes should follow NEST's decision to divest from tobacco.

This week's Pensions Buzz respondents agreed the Pension Protection Fund (PPF) is sometimes right to vote against company voluntary agreement (CVA) proposals.

Liabilities slashed by £1.2bn