GMP Equalisation

Changing the way in which GMP equalisation is implemented could save schemes around £5bn, Aon Hewitt believes.

Here they are… The top ten practical difficulties with equalising to allow for guaranteed minimum pensions.

The government has laid out how plans on schemes should go about equalising guaranteed minimum pensions.

The method chosen by the Department for Work and Pensions for equalising guaranteed minimum pensions could be challenged, a lawyer says.

The government has today laid out how schemes should go about equalising guaranteed minimum pensions.

The Pension Protection Fund has finalised how it will equalise guaranteed minimum pensions and started a six-month pilot project to test its methodology.

There is little hope government will not legislate to deal with the problem of guaranteed minimum pension equalisation, delegates heard.

PP conducted an online poll asking whether the government should hold fire on proposals forcing schemes to make adjustments to benefits to compensate for the effects of unequal GMPs. Here are the results.

Many within the industry want the government to hold fire on proposals forcing schemes to make adjustments to benefits to compensate for the effects of unequal GMPs - what's your view?

The Association of Consulting Actuaries has urged government to seek further legal certainty on guaranteed minimum pension equalisation because of the £10bn cost to employers.