In this blog, Alasdair Mayes explores the DWP's publication on GMP conversion guidance and what this means for the future.
As an actuary, with over 19 years' experience helping sponsors and trustees on pensions matters, I advise on funding, risk management and benefit design. I also specialise in financial reporting, pensions tax and GMP inequalities.
I like to provide simple and pragmatic solutions to complex problems. Outside of LCP, my two young sons keep my wife & I busy - however I always try to find time for some cycling.
Alasdair's patience and clarity is highly commendable!
News Alert: the DWP has today published guidance to using its existing GMP conversion legislation to tackle the 17 May 1990 – 5 April 1997 Guaranteed Minimum Pension inequality issue. This is a significant development, but much more needs to be done before schemes will be able to use this approach with confidence to resolve GMP inequalities.
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