The consultation proposes a reduction in the GMP revaluation rate from 3.5% to 3.25%
Liabilities for the Royal Mail Statutory Pension Scheme stable at £48.6bn
PP research finds only a third of trustees feel they have had adequate help so far
The GMP Equalisation Working Group’s guidance provides an update to its methodology guidance
Our monthly round-up of the most important articles PP has published over the last month
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.
The Pensions Administration Standards Association (PASA) has published guidance on the pensions dashboard for UK schemes, trustees and providers detailing how to get ready for the project.
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 government must work with HM Revenue and Customs (HMRC) and the wider industry to clarify GMP equalisation uncertainties, Mercer says.
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.