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Pensions & benefits

GMP Inequalities
checklist 2018

Are you considering the implications of the recent High Court’s judgment in the Lloyds Bank case?

The judgment confirms that occupational pension schemes need to adjust scheme benefits to remove the inequalities that arise from unequal GMPs. As a result of the judgment, various actions from Trustees and Sponsors of schemes with GMPs earned between 17 May 1990 and 5 April 1997 will be required. Our checklist highlights a number of key initial considerations for both the short-term and medium-term.

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