Lane Clarke & Peacock (LCP) has warned that an “unwelcome year-end headache” is looming following last month’s GMP equalisation ruling, as XPS Pensions Group revealed schemes owe members up to £32,000.
The High Court judgment last month (23 November) said defined benefit schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values that have been cal...
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