Tag Archives: GMP equalisation

GMP Equalisation Under the Microscope – Focusing in on Data Gaps

“Big Data” is a topic that is frequently referred to in the news.  The traditional definition of Big Data is data that contains greater variety, arriving in increasing volumes and with ever-higher velocity.  Whilst this definition isn’t typically of direct relevance to trustees of UK occupational pension schemes, it does have some application in the … Continue Reading

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

GMP Equalisation Under the Microscope – Zooming in on Outstanding Top-ups

Should receiving scheme trustees chase CETV top-ups? Background It is currently generally accepted that trustees of defined benefit (DB) pension schemes are obliged to equalise benefits between male and female members to correct inequalities in guaranteed minimum pensions (GMPs), and that this extends to transferred-in benefits. Following the most recent Lloyds judgment, we now also … Continue Reading

GMP Equalisation Under the Microscope – Claims for GMP Equalisation Top-ups to Historic Transfers

Will the number of transfer top-up claims be any more predicable than the weather – can we expect a blizzard or a light flurry? Shortly after the recent High Court decision on the issue of guaranteed minimum pension (GMP) equalisation and historic transfers (the latest ruling in legal proceedings relating to a number of pension … Continue Reading

GMPs Rock!

Are GMPs getting you down? ‘Tis the season for a lighthearted view of a serious issue. We have set the history of GMPs to verse in our “GMPs Rock” poem, and invite you to reminisce with us. All the best from the Squire Patton Boggs Pensions Team. GMPs Rock! It all began way back in time, in Nineteen … Continue Reading

Keep calm and carry on!

Some of the questions we have been asked this week in relation to GMP equalisation, include – Do we have to equalise for GMPs? How do we do this? Do we have to make back payments? What should we tell our members? How do we deal with outstanding and new cash equivalent transfer value requests? … Continue Reading
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