GMP equalisation: Time to take stock?

In this issue of XPS Pensions News, we take a step back from the Lloyds judgment and take a longer-term view of GMP equalisation.

It has been a busy few weeks for trustees, sponsors and advisers since the handing down on 26 October of the Lloyds judgment, which confirmed that pensions need to be adjusted to compensate for inequalities in Guaranteed Minimum Pensions (GMPs). To date, attention has largely been focused on short-term actions, but the festive season may prove the ideal opportunity to take a deep breath and start planning for the longer term.

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