GMP Equalisation

The government has confirmed it will discount GMP conversion as a long-term policy solution for public service pension schemes and make full GMP indexation the permanent solution.

Less than half (45%) of trustees and pension scheme administrators say their schemes have accurate accrued pension amounts available digitally for all members, according to PP research.

Jonathan Stapleton speaks to Hymans Robertson senior partner John Dickson and managing partner Shireen Anisuddin as the firm celebrates its 100th anniversary, discussing the consultancy’s first 100 years and looking to the future of both its business...

Pension professionals will need to get to grips with a number of points in order to effectively implement the most recent GMP decision, write Stephen Richards and Julia Ward.

The GMP Equalisation Working Group has published further good practice guidance covering the tax issues relating to the equalisation of GMPs.

The government must work with HM Revenue and Customs (HMRC) and the wider industry to clarify GMP equalisation uncertainties, Mercer says.

Steve Nicholson looks at how schemes can go about implementing the most recent Lloyds ruling

Lane Clarke & Peacock (LCP) has warned that an “unwelcome year-end headache” is looming following last month’s GMP equalisation ruling, as XPS Pensions Group revealed schemes owe members up to £32,000.

Pension scam red flags have reached the highest level recorded, according to research by XPS Pensions.

Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.