Sixty second summary
GMP equalization: brace yourselves
04 Oct 2018 - Estimated reading time: 1 minute
The trustees and sponsor of a UK defined benefit pension scheme await a High Court ruling on whether they must compensate members for differences owing to guaranteed minimum pensions (GMPs). Most DB schemes in the country stand to be affected by the judgment. What is the issue, what might the solution(s) be, and how can you prepare?