David Griffiths

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GMP Equalisation Under the Microscope – Proactivity Under the Lens

GMP Equalisation and Underpaid Cash Equivalent Transfer Values – Will Trustees Have to Trace and Compensate Members Proactively, or Can Trustees Wait for Claims? Shortly after the High Court decision commonly referred to as “Lloyds 3”, which considered the issue of guaranteed minimum pension (GMP) equalisation and the extent to which past transfers out should be … Continue Reading

Queen’s Speech Unveils Further New Pension Thinking – but no sports cars this time

As expected, the Queen’s Speech today confirmed that plans will be introduced to allow for collective pension arrangements. In recent years, employers have moved away from providing defined benefit pension arrangements, owing to the funding risks imposed upon them, and have tended to introduce defined contribution pension arrangements, in which each employee has his or … Continue Reading

Is the time right for Collective DC in the UK?

Today’s discussions around Collective DC pension schemes (“CDC”) highlight investment performance, and ask us to consider that pooling of the investment risk could bring better outcomes for all. In a CDC scheme, investments (particularly equity investments) can be held for longer than would normally be possible within any particular individual’s pension portfolio, thus allowing for … Continue Reading