GMP

Members and trustees will never understand GMP calculations, and the regulator should not be allowed to create its own rules, according to this week's Pensions Buzz respondents.

As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.

This week's top stories include a chief executive being convicted of refusing to give information to The Pensions Regulator, and an Aon study revealing the industry is split on how to deal with GMP equalisation.

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

Two consultancies have reported decreases in defined benefit (DB) transfer quotation requests in Q3, and said guaranteed minimum pension (GMP) equalisation could impact transfer activity.

The ACA and Royal London have published a joint policy paper on a 'radically simplified' DB structure. Kim Kaveh looks at the proposals.

This week's top stories included proposed draft regulations in a no-deal Brexit which would make scheme investments illegal, and Esther McVey's resignation as secretary of state.

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.

This week's top stories were industry reaction to the Lloyds GMP equalisation judgment, and Workchain's £280,000 fine for illegally opting workers out of their pension scheme.