Tag Archives: GMP

Is GMP equalization an opportunity or a sand trap for advisers?

Posted on November 29, 2020 by henry tapper

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 →

Posted in advice gap, age wage | Tagged , , , | 1 Comment

If Tyson Fury did GMP….

Posted on February 23, 2020 by henry tapper

  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 →

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Let the canny worm lie?

Posted on February 8, 2016 by henry tapper

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 , , , , , , , , , , , | 3 Comments

Pension’s day of reckoning draws nigh!

Posted on July 25, 2015 by henry tapper

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 , , , , , , , , | 3 Comments

A tax on pensions, no one saw coming.

Posted on May 19, 2015 by henry tapper

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 , , , , , , , | 18 Comments