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 20 years' experience helping sponsors and trustees on pensions matters, I advise on funding, risk management and benefit design. I also specialise in equalising for GMPs, pensions tax and financial reporting.
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.
In this press release, David Everett, Research Partner at LCP comments on the long-awaited guidance from the Department for Work and Pensions.18 April 2019
Alasdair Mayes comments on the High Court’s judgment in the landmark Lloyds Bank case and outlines what the future holds and how we can help.26 October 2018
According to a survey of FTSE 100 companies by consultants LCP, 90% have changed their policy on pension provision as they seek to mitigate the effects of the new rules and avoid their employees paying unnecessary tax.11 May 2017
Accounting for Pensions 2019
With the FTSE 100 maintaining their pension accounting surplus, it is time for companies to embark on the next stage of their pensions journey. Our Accounting for Pensions 2019 report presents a concise analysis of the key facts, figures and trends.
GMP inequalities checklist 2018
The recent high court judgment confirms that occupational pension schemes need to adjust scheme benefits to remove the inequalities that arise from unequal GMPs.
FTSE 100 pensions tax survey
How is the tapered annual allowance impacting pensions? We are now just over one year on from the latest changes to the UK pensions tax regime, and our latest survey reveals how FTSE 100 companies have been responding.
Executive pensions survey 2015
Our 2015 executive pensions survey looks at the significant change in pensions taxation and its impact on executive pension provision of FTSE 100 companies.
How I help clients
We provide individual and high quality actuarial advice, taking a collaborative approach between trustees, employer and advisers, to ensure a focus on good member outcomes.Meet some of our experts
We help you get the best value out of your DC scheme and ensure the best possible outcomes for membersMeet some of our experts
Our tax tools help you communicate the latest tax changes to your employees in a straightforward way.Meet some of our experts
Our intuitive, real-time pensions technology allows you to see the information you need when you need it, helping you to make decisions.Meet some of our experts
We help both trustees and sponsors prepare for and deal with corporate change.Meet some of our experts
We provide a bespoke, high quality pensions administration service.Meet some of our experts