DWP confirms GMP revaluation rate reduction

The government confirmed the new 3.25% per year rate would be adopted from 6 April 2022

Holly Roach
clock • 2 min read
The GMP fixed rate revaluation rate will reduce to 3.25% from 3.5% per year
Image:

The GMP fixed rate revaluation rate will reduce to 3.25% from 3.5% per year

The government has confirmed it will reduce the GMP fixed rate revaluation rate for early leavers from 3.5% to 3.25% per year.

In response to its consultation - published last year - the Department for Work and Pensions (DWP) said the new rate will apply to members where applicable from 6 April 2022. Where a member of a...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Buzz: Does a pensions regulator need someone with pensions experience in its top ranks?

Buzz: Does a pensions regulator need someone with pensions experience in its top ranks?

Pensions regulator experience, multi-employer CDC and VfM framework

Professional Pensions
clock 12 May 2025 • 1 min read
Aviva and Age UK call for introduction of mid-retirement MOT

Aviva and Age UK call for introduction of mid-retirement MOT

Research finds mid-retirees say not enough support is given to manage their finances

Martin Richmond
clock 12 May 2025 • 4 min read
Standard Life to extend trustee training programme

Standard Life to extend trustee training programme

Trustee Accelerator Programme to be extended as it celebrates one-year anniversary

Jasmine Urquhart
clock 12 May 2025 • 1 min read
Trustpilot