The regulator is encouraging trustees and administers to use a £2 per week ‘tolerance level' to determine the right level of GMP.
In updated winding up guidance - published today - TPR said one of the most costly and time consuming jobs for schemes can be reconciling the records that trustees hold on guaranteed minimum pensio...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
