If you thought you’d already dealt with guaranteed minimum pensions (GMPs), unfortunately, you have probably only just scratched the surface.
Read MoreFew schemes had made adjustments to equalise GMPs. But the Lloyds Bank case confirmed that benefits must be adjusted to achieve GMP equality. It was also very clear that this should have been happening since the Barber judgment of 17 May 1990.
Read MoreSun Life Financial of Canada in the UK is focused on providing excellent customer service by offering the highest levels of customer care.
Read MoreThe latest PP webinar – held in association with Equiniti – looks at guidance from the cross-industry GMP Equalisation Working Group on the importance of data – asking what data schemes need for GMP equalisation; the data demands, advantages and disadvantages of various calculation solutions; and assesses the challenges relating to historic data.
Read MoreWhile GMP equalisation has been hanging over schemes for more than 30 years, the Lloyd’s case in the High Court set it squarely on the agenda. Many will be wondering just how we got to this point, so here is a whistle stop tour from there to here.
Read MoreThe complex matter of guaranteed minimum pensions (GMPs) may appear to have assumed a great deal of importance in no time at all. But just like overnight successes in the entertainment business, it’s taken years to get to where we are now.
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