GMP Equalisation

The UK's 5,600 defined benefit (DB) schemes saw their funding positions improve by one percentage point over the course of November, according to JLT Employee Benefits.

Trustees should not suspend DB to DC pension transfer activity following the recent GMP equalisation ruling, say this week's Pensions Buzz respondents.

XPS Pensions Group's revenue totalled £52.2m in the six months to 30 September, according to its interim results.

The pensions industry is split on its approach to dealing with the GMP equalisation, Aon says.

Peter Askins says the industry needs to recognise that if administration standards are to be maintained and improved, this will come at a cost

Insurers are set to face a "flood of requests" from pension schemes for buy-in contracts to be restructured to allow for guaranteed minimum pension (GMP) equalisation, Aon warns.

The combined funding level decreased by just over four percentage points by the end of last month to 93.6%, according to the Pension Protection Fund's (PPF) latest update.

Plastics manufacturer Carclo has missed yet another dividend as it continues to battle its defined benefit (DB) pension funding shortfall.

Hogan Lovells sets out what pension funds need to do for equalising guaranteed minimum pensions (GMP) in light of the landmark Lloyds judgment.

Henry Tapper says the Lloyds GMP ruling will see little benefit for members but profound fees to administrators.