Four tips to help schemes manage GMP equalisation

James Double considers the worries pension boards may have around equalisation

clock • 3 min read
James Double
Image:

James Double

GMP equalisation – the equalisation of the amount of guaranteed minimum pension (GMP) between the sexes is increasingly one of the top priorities for pension schemes.

Since the 2018 Lloyds case in the High Court, trustees are now legally obliged to address benefit inequalities between male and female members arising from GMPs and to adjust benefits accordingly. ...

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

Industry supports DB surplus release so long as clear parameters set, Aon finds
Defined Benefit

Industry supports DB surplus release so long as clear parameters set, Aon finds

Poll finds industry favours prudent thresholds and detailed consideration when it comes to future plans for surplus release

Holly Roach
Holly Roach
clock 23 April 2025 • 3 min read
Sponsoring employers facing less pressure after 'radical' funding improvements
Defined Benefit

Sponsoring employers facing less pressure after 'radical' funding improvements

Broadstone says employer contributions needed to plug scheme shortfalls have ‘plummeted’

Holly Roach
Holly Roach
clock 22 April 2025 • 1 min read
Tender Watch: LGPS re-appoints Equiniti as admin software supplier
Defined Benefit

Tender Watch: LGPS re-appoints Equiniti as admin software supplier

LGPS re-appoints Equiniti as software supplier on national framework for a further four years

Professional Pensions
Professional Pensions
clock 15 April 2025 • 1 min read
Trustpilot