It has been nearly 4 years since the Lloyds’ judgment provided clarity on how Guaranteed Minimum Pensions (GMPs) need to be equalised, yet only a small number of schemes have actually completed this process. For pensions currently in payment, pensioners could be missing out on back-payments of hundreds or even thousands of pounds, potentially much needed in the current environment. So what is holding things up? Is it legislation? Clarity of advice? Or something else?
Watch the recording of our webinar where we discussed:
Who should view the recording?
Trustees and sponsors of Defined Benefit Schemes.