PMI Crest
PMI
15 March 2021

Northern Ireland Regional Group: Where are we now and what barriers remain to get GMP Equalisation done?

It is now more than two years since the Lloyds judgment and with the recent follow-on judgment on past transfer values, the industry is making a major push to start to implement GMP Equalisation. 

This session will explore the current legal & administration challenges facing schemes dealing with GMP Equalisation and explain why solving GMP Equalisation does not need to be as complicated as it first seems.

  • GMP reconciliation and rectification
  • Data
  • Back payments and prioritisation of members
  • Equalisation method and cost comparisons
  • Past transfers
  • Communications
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Last update: 26 February 2021

Brian Quinn
Brian Quinn
Northern Ireland Regional Chair
Vicky Mullins
Vicky Mullins
XPS Pensions Group
Head of GMP Equalisation
Chris Crighton
Chris Crighton
TLT LLP
Partner

Senior Communications Consultant

Salary: £38000 - £48000 pa

Location: London

Lead Communications Consultant - London or Yorkshire

Salary: £50000 - £60000 pa

Location: London

Senior Pensions Administrator

Salary: £31500 - £34000 pa

Location: Birmingham City Centre

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There is massive unrest in the marketplace around this specific regulation, with a lot of uncertainty and a good deal of hesitancy from schemes to be pro-active in preparing for GMP Equalisation. 

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