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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

Pensions Administrator

Salary: £24000 pa

Location: Kent and Home Working (2 days office and 3 days home)

Pension Project Administration

Salary: £35000 - £45000 pa

Location: Hertfordshire

Pensions Member Services Administrator

Salary: £30000 - £38000 pa

Location: London

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