GMP Equalisation

The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.

Communicating GMP calculations to members is no easy task. Matthew Doggett looks at how TPT Retirement Solutions has addressed the challenge

The Department for Work and Pensions (DWP) is consulting to resolve an "anomaly" where recipients of bridging pensions who enter the Pension Protection Fund (PPF) receive a higher rate of compensation for the rest of their life.

This week we want to know if mentoring trustees is an effective way to increase diversity on boards and whether GMP equalisation should be scrapped.

This week's top stories include coverage of a green paper response which said The Pensions Regulator needs to be investigated and the Pension Protection Fund privatised.

Lloyds Bank has launched a joint legal bid with its pension trustees and unions to equalise guaranteed minimum pensions (GMPs) in a move which could cost the industry £20bn.

The DWP's GMP equalisation methodology is an improvement but questions remain about far it should be applied. Michael Klimes investigates this dilemma

Helen Morrissey thinks trustees need more guidance on how to carry out GMP equalisation.

A consultation from the Department for Work and Pensions which has just closed proposes a new way to do GMP equalisation. Michael Klimes finds out how safe it is for trustees to use

A recent consultation outlines a 10-step approach to GMP equalisation. However, there is a need for more clarity finds Helen Morrissey.