All GMP articles
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News
Littlewoods scheme completes de-risking with £930m buy-in
Rothesay Life deal covers liabilities of retail scheme’s remaining 6,454 uninsured members
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News
UK roundup: Survey points to annual ‘tax drag’ of up to £250m
Plus: 120-member scheme secures all benefits with L&G buyout; Analytics platform boosted with GMP feature
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News
Consultants give cautious welcome to HMRC’s guidance on GMP
Any increase resulting from GMP equalisation ‘is not a new entitlement’
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News
Study highlights imbalance between dividends and pension payments
LCP found that FTSE 100 companies paid £90bn to shareholders and just £13bn to pension funds in 2018
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News
BT slashes cost of legacy pension equalisation
UK company annual reports are starting to reflect less pessimistic estimates of the cost of October’s court ruling
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News
Life expectancy will continue to fall in 2019: KPMG
Longevity swap contracts could be ‘out of the money’ given major shifts in data on life expectancy, warns accountancy group
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News
Accounting roundup: Guidance issued on pension equality costs
Plus: Hybrid pension plan accounting; Politicians call for break up of ‘big four’; FRC publishes draft plan and budget
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Analysis
Analysis: UK pension equality costs ‘lower than forecast’
Estimates from 128 listed companies collated by IPE include a £177m bill for HSBC
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News
RBS incurs £102m cost of equalising pension payments
UK’s third-biggest pension scheme reveals GMP equalisation costs and slashes equity exposure
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News
UK roundup: Apollo strikes funding deal with RPC pension funds
Also: XPS reassures on GMP costs as liabilities estimated to rise by less than 1%
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News
Industry working group to develop pension equalisation guidance
UK regulator backs working group set up to produce best practice guidance following guaranteed minimum pension ruling
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Analysis
Analysis: First estimates of UK equality ruling costs emerge
Equalising guaranteed minimum pensions estimated to cost between 0.2% and 1.7% of liabilities, according to early company estimates
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News
UK schemes in race against time to deal with GMP ruling
Actuaries warn companies and schemes have very little time left to deal with the impact of October’s equality ruling
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News
Insurers ‘may have to restructure de-risking deals’ after GMP ruling
Consultancy group claims £50bn of insurance buy-ins could be affected by guaranteed minimum pension ruling
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News
Equality ruling, equity markets push UK schemes into the red
GMP equalisation estimated to add £15bn to liabilities in October
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News
UK roundup: GMP revision costs ‘could outweigh benefits’
Plus: Manchester university staff to vote on strike action over pension changes; smaller companies open to master trust switching
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News
UK schemes face £15bn bill from pension equality ruling
High Court decision signals end to nearly 30 years of uncertainty over ‘guaranteed minimum pension’ payments