GMP Equalisation

The industry-wide GMP equalisation group has created five sub-committees to each work on a key component of the guidance. Holly Roach reports

This week's top stories included the Financial Conduct Authority announcing it would carry out further investigations on defined benefit transfers.

This week's Pensions Buzz respondents were split on whether more schemes should follow NEST's decision to divest from tobacco.

This week's Pensions Buzz respondents agreed the Pension Protection Fund (PPF) is sometimes right to vote against company voluntary agreement (CVA) proposals.

Liabilities slashed by £1.2bn

Trustee boards are not focusing enough on data issues despite the bad effect poor data can have on members, according to a PMI roundtable in May. Holly Roach reports

De La Rue's defined benefit (DB) pension scheme gained £80.5m after swapping the index used to revalue benefits, but lost £0.5m to rectify discrepancies identified in the scheme's rules.

HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.

After many changes in name and ownership over the past 22 years, Buck has gone back to its roots. David Piltz tells Stephanie Baxter why being smaller and nimbler is better

The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.