How the retained EU law bill impacts GMP equalisation
The Retained EU Law (Revocation and Reform) Act 2023 came into force at the turn of the year.
Source: professionalpensions.com
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Why you cannot afford to ignore data accuracy
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.
Source: professionalpensions.com
GMP 3% uprating order approved in parliament
The annual uprating order for GMPs has been approved at 3% after a parliamentary session yesterday (31 January).
Source: professionalpensions.com
GAD launches modeller to assist with GMP equalisation
The Government Actuary’s Department (GAD) has launched a modeller to assist clients with equalising GMPs for scheme members.
Source: professionalpensions.com
Partner Insight: Large scheme transactions blaze a trail in 2023
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...
Source: professionalpensions.com