Tag Archives: GMP
Sainsbury and Monk argue to parliament for a troubled group of pensioners over 73.
Roger Sainsbury and Terry Monk speak to the General Committee of the parliamentarians interested in the Pension Schemes Bill. You can watch it here with Roger Sainsbury and Terry Monk speaking on behalf of those deprived of their pension , … Continue reading
Posted in pensions
Tagged Bry Davies, GMP, Mark Garnier, pension minister, Pensions, ppf, Roger Sainsbury, Terry monk
1 Comment
Time for pension schemes to exit the bomb-shelter
I’ve been pointed to a very good article on pension increases by Irwin Mitchell’s Penny Cogher and Harriet Fletcher on discretionary increases. The article was written this January and I suspect that in the meantime, the presumption of … Continue reading
BSPS, all shall be well and all manner of things shall be well
My favorite session of the PLSA (by some way) was the opening session of the third day when Derek Mulholland (CEO of BSPS through all its troubles) , the current Chair of Trustees- Keith Greenfield , its adviser – LCP’s … Continue reading
I went for a GMP makeover at Brightwell
A group of large pension schemes are launching what they claim to be a free service communicating changes to Guaranteed Minimum Pensions. I went to find how. There are many exciting things happening in pensions but changes to Guaranteed … Continue reading
I’m going for a GMP makeover at lunchtime.
A group of large pension schemes are launching what they claim to be a free service communicating changes to Guaranteed Minimum Pensions. I’m about to find out more. There are many exciting things happening in pensions but changes to Guaranteed … Continue reading
Is GMP equalization an opportunity or a sand trap for advisers?
There is a roaring silence surrounding the second judgment on GMP equalisation which was delivered against the Lloyds Banking Group pension scheme but impacts all DB pension schemes that contracted out using the Government’s system of Guaranteed Minimum Pensions. The … Continue reading
If Tyson Fury did GMP….
Sackers partner Claire Carey said that because the guidance makes clear that an increase to benefits solely for GMP equalisation purposes will not count as ‘benefit accrual’, and so should not result in the loss of fixed protection, those … Continue reading
Let the canny worm lie?
The problem with cans of worms is that the cans degrade and in the end the worms get out, and cause a stink. Over the weekend, the Telegraph that acts as a professional “worm can opener” has been turning its … Continue reading
Posted in pensions
Tagged Alistair Darling, contracting-out, DWP, GMP, inheritable serps, inherited serps, pension, pensions, Ros Altmann, SERPS, state pension, Telegraph
3 Comments
Pension’s day of reckoning draws nigh!
April 6th 2016 should be a date with a red circle round it on any pension’s office calendar. It’s the day when contracting-out officially comes to an end- “cessates” – is no more. It is also the date when the … Continue reading
Posted in pensions
Tagged Actuarial science, Actuary, ageing, auto enrolment, contracting-out, customer service, dc pensions, Defined benefit pension plan, GMP
3 Comments
A tax on pensions, no one saw coming.
The single state pension , coming to a pensioner near you , from April 2016 is supposed to be simple. It will operate under the same rules for everyone. But that doesn’t mean that everyone will get the same pension (as … Continue reading
Posted in pensions, Pensions Regulator, Ros Altmann
Tagged cuts, defined benefit, DWP, GMP, Indexation, National Insurance, pensins, Tax
18 Comments