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Equalising for the effects of GMPs following landmark High Court case

1 November 2018

In a landmark decision which will impact most defined benefit (DB) pension schemes in the UK, the High Court held on 26 October 2018 that pension schemes must equalise for the effect of guaranteed minimum pensions (GMPs) providing different benefits for men and women. For the many employers still struggling to make good funding deficits, the judgment will not be welcome.

This note sets out our 8-point GMP Equalisation Plan for schemes affected by the judgment, followed by an explanation of the case and discussion of its longer-term implications. For background information on GMPs, please see the Appendix to this note. 

Please click here to view the full briefing note.

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