Gmp Equalisation News Today

The Retained EU Law (Revocation and Reform) Act 2023 came into force at the turn of the year.

Accurate data is the foundation of any pension scheme, especially when buy-ins and buyouts are under consideration. Where a company decides to divest itself of its pension liabilities by transferring them to an insurer, while strategically beneficial, this can be fraught with risks if the scheme data quality is compromised.

The annual uprating order for GMPs has been approved at 3% after a parliamentary session yesterday (31 January).

The Government Actuary’s Department (GAD) has launched a modeller to assist clients with equalising GMPs for scheme members.

The demand for bulk annuities continued to grow over 2023, with H1 2023 volumes reaching record levels. This year also saw the UK's largest annuity transaction on...

A consortium of some of the UK’s largest defined benefit (DB) schemes has partnered with Quietroom to develop a suite of free-to-use GMP equalisation communications available to all schemes.

The abolition of the lifetime allowance (LTA) could ‘remove a burden’ for HM Revenue & Customs (HMRC), will have ‘knock-on’ consequences and may see some “rowing back” as the structure is dismantled, pension lawyers say.

As the philosophy lesson goes, if you fill a jar to the brim with golf balls, it is full, right? 

GMP equalisation is a thorny issue and for some schemes it can be about choosing the least bad option. But what if it doesn't have to be that way? As highlighted...

Data is now the key focus for UK pension schemes on their journey to risk settlement, an Aon poll shows.