Welcome to Burges Salmon’s Pensions Law Summary on GMP Equalisation.
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Guaranteed Minimum Pensions (GMPs) have historically been tied to different ages for men and women and pension schemes with GMPs must now equalise benefits to account for this unequal effect. This is an industry-wide issue and there are different methods that schemes can choose to equalise. We look at the main GMP equalisation requirements for schemes in our summary and consider practical steps that schemes can take.
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