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How innovation in technology can smooth the path through GMP equalisation
9 October 2020

How innovation in technology can smooth the path through GMP equalisation

For those of us that love Guaranteed Minimum Pension (GMP) equalisation it is an enjoyable conundrum; an epic journey with exciting twists and turns along the way. However, for everyone else, it is a horrendous mess involving all manner of stakeholders (trustees, employers, actuaries, administrators, communications experts, scheme members, lawyers, Her Majesty’s Revenue and Customs (HMRC), the Pensions Administration Standards Association (PASA), the Department of Work and Pensions (DWP), regulators and – if it all gets too much – therapists), and bits of kit (administration systems, actuarial valuation software, data analysis tools, conversion calculators, mail merges and – if it all gets too much – Minecraft).

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Last update: 8 October 2020

Mark Williams
Mark Williams
Institute & Faculty of Actuaries
Principal at Buck and Chair of the Pensions Board

Pension Administrator

Salary: £34000 pa

Location: Currently home working then Hampshire

Senior Pensions Lead

Salary: £40000 pa

Location: Home working now, later mix of office (Kent)/home

Pensions Administrator (FTC, 11 Months)

Salary: £30000 pa

Location: West Yorkshire

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