GMP Equalisation

GMP Equalisation Webinar - Outcome of the Lloyds Hearing 2020, in association with Pinsent Masons

In our latest webinar, Jenny Chambers of Pinsent Mason joined us to discuss:

• the latest Judgment and what it may mean for your pension scheme and members
• actions you need to take quickly because of the potential impact on the company and scheme accounts
• work through some of the practical challenges from the judgment and provide an overview of outstanding questions

Watch the video here.

GMP Equalisation Webinar – Transform or Comply?

This GMP Equalisation webinar covered expert views and questions on

• the latest news from the virtual courtroom on the Lloyds Bank hearing regarding the historic transfers prior to 2018
• where other schemes have got to in their projects
• where schemes are on the spectrum between projects aiming at transformation and compliance
• practical experience from early movers on governance, data and communications

Watch the video here.

Thirty years since Barber: Slow progress on GMP Equalisation

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GMP Equalisation Webinar - One Year On

We are now a year on from when the High Court ruled on the Lloyds Bank GMP Equalisation case making it clear that trustees have a duty "to equalise benefits for men and women so as to alter the result which is at present produced in relation to GMPs". This latest webcast hosted by Lynda Whitney, Tom Yorath and David Pharo considers:

• How industry practice is developing
• The roles of trustees and employers
• Setting your objectives
• What we have learnt from early movers heading to transactions
• The practical challenges and how to overcome them

Watch the webcast here.

GMP equalisation focus: Stepping up

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Aon Webinar – 100 days later

This latest webcast considers what we have learnt in the 100 days since the High Court ruling on the Lloyds Bank GMP Equalisation case, which is having wide ranging impacts for the pensions industry. This session explores the steps taken so far, the challenges uncovered and how to design practical solutions for GMP Equalisation.

Lynda Whitney Chairs, with Tom Yorath, who acted as expert witness and is leading the team who have provided over 500 GMP Equalisation estimates so far, alongside Mike Edwards from Aon’s Risk Settlement team and David Bunkle from Aon’s Member Options team. They explore:

• What clients are finding whilst undertaking the early steps of GMP Equalisation, the challenges and practical solutions
• Incorporating GMP Equalisation into other projects including reactions from insurers and IFAs
• Planning ahead for the decision between dual records and conversion

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Aon In-depth – Technical report on GMP Equalisation
Solving the puzzle – equalizing for GMPs

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Aon Webinar with Sackers

Just when you thought it was all over once you finish GMP reconciliation along comes the next problem for GMPs. The High Court has ruled on the Lloyds Bank GMP Equalisation case which is expected to have wide ranging issues for the pensions industry. Aon’s webinar, co-hosted with Sackers explores:

• What the issue is and what the judgement means for the industry
• The potential financial impact of the judgement on accounting and funding
• A discussion of some of the practical challenges coming out of the judgement and priority next steps – listen to our session post High Court Ruling

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In touch – GMP Equalisation Technical Update

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