HMRC 'will struggle' with GMP requests

clock

HM Revenue & Customs will struggle to cope with a deluge of information requests from trustees attempting to equalise guaranteed minimum pension payments, industry figures warn.

Last month, pensions minister Angela Eagle told the industry the 20-year problem of GMP equalisation needed to be solved (PP, February 4). However, concerns are now being raised over whether Nat...

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 Defined Benefit

DB pension redress liabilities dip below 5% of transfer values

DB pension redress liabilities dip below 5% of transfer values

First Actuarial found ‘considerable drop’ in financial risk associated with DB redress

Holly Roach
clock 05 February 2025 • 2 min read
Government plans to extract DB surplus 'go much further than most realised', says LCP

Government plans to extract DB surplus 'go much further than most realised', says LCP

Consultancy analysis finds government plans to extract DB surplus could be worth £160bn

Martin Richmond
clock 03 February 2025 • 2 min read
DB transfer values drop to lowest month-end since 2018, XPS finds

DB transfer values drop to lowest month-end since 2018, XPS finds

Consultancy says its Transfer Value Index saw ‘significant decline’ in final quarter of 2024

Holly Roach
clock 23 January 2025 • 2 min read
Trustpilot