GMP Equalisation Under the Microscope - a UK Pensions Hot Topics Special Edition

March 2021
Region: Europe

Our special GMP Equalisation edition of Hot Topics focuses in on the court judgment often referred to as “Lloyds 3”, a ruling examining the extent to which pension scheme trustees should revisit past transfers out of the scheme as part of their GMP equalisation projects.

In this publication, we flag 10 issues arising from the judgment that many pension scheme trustees are likely to encounter in practice. Topics covered include:

  • Assessing the risks of paying lump sums to settle disputes about top ups to historic transfer payments
  • How gaps in data can impede attempts to comply with the judgment
  • Actions to be taken where there has been a bulk transfer

Please contact any member of our Pensions team for further information on any of the issues highlighted in our publication.