GMP

The Pensions Administration Standards Association (PASA) is forming a Guaranteed Minimum Pensions (GMP) working group in response to the end of contracting out in 2016.

A growing volume of quotation requests triggered by ‘freedom and choice' reforms will be the top challenge for administrators in 2015 according to the Pensions Administration Standards Association (PASA).

Schemes are concerned poor quality data will restrict their ability to carry out projects to manage liabilities or switch providers, according to research from Aon Hewitt.

HM Revenue and Customs (HMRC) has received an unexpectedly low volume of queries from schemes that have obtained data as part of its Scheme Reconciliation Service.

Alan and Overy's Helen Powell highlights key issues for trustees for April 2015

How to approach the end of contracting out

Many workers who delay taking their company pension are missing out on increases to their state pension because of administrative failings, warn legal experts.

HM Revenue and Customs has announced measures to help defined benefit (DB) schemes handle the administration associated with the abolition of contracting out.

Last week actuary Hamish Wilson upset plenty of people when he referred to pensions professionals as ‘parasites'.

More than two thirds of respondents believe the cost of equalising guaranteed minimum pensions (GMPs) will exceed the monetary risks posed.