GMP Equalisation

Buck has launched a solution to help pension schemes equalise guaranteed minimum pensions (GMPs) in a cost effective way with minimum hassle.

The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.

This week's top stories were the DWP fixing the 'nonsensical' no-deal Brexit investment regulations, and the Resolution Foundation urging the government to cap the pension tax-free lump sum at £40,000.

An industry group has been set up to help pension schemes equalise guaranteed minimum pensions (GMPs) following last year's landmark ruling.

The sector is responding to changes including the GMP equalisation ruling, data protection and increasing demand for administration services. Holly Roach looks at what this year has in store.

Buck's David Piltz says the industry was shaped by several developments in 2018, many of which will continue to influence the sector this year.

The combined pension deficit of FTSE 350 companies grew by £9bn in December 2017 to £41bn one year later on an accounting basis, according to Mercer's funding tracker.

Members and trustees will never understand GMP calculations, and the regulator should not be allowed to create its own rules, according to this week's Pensions Buzz respondents.

As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.

Transport company Stagecoach has estimated it will need to pay £24.2m to equalise guaranteed minimum pensions (GMPs) for members of its defined benefit (DB) scheme.