Avoiding the pitfalls of GMP equalisation


Five months after the High Court judgment on guaranteed minimum pensions (GMP), companies and trustees are starting to get to grips with the steps needed to meet their new legal obligations. The ruling in the Lloyds Banking Group case means schemes must correct benefits built up in the 1990s to ensure equal treatment between men and women.

Statutory right or member safety

The rise of pension scams is a key concern for anyone involved in retirement planning and we naturally want to do all we can to prevent it. On top of the recently introduced cold calling ban and the FCA’s ScamSmart campaign, there have been continued calls for the removal or modification of scheme members’ statutory right to a defined benefit (DB) pension transfer, which would create an extra layer of protection but would also take away a key member option.

True Quote or Not True Quote

The ABI’s latest Home Insurance Premium Tracker recently confirmed that home insurance premiums are at an all-time low. That’s good news all round isn’t it? It points to improvements in affordability of insurance for households. However, LexisNexis Risk Solutions research has revealed that despite low premiums across the market, two in three consumers would be happy to manipulate the information they provide when requesting a home insurance quote to cut the cost of their premium further still.

Use machine learning to detect insurance claims fraud

Latest World News

Sun, 21 Apr 2019 Bombs kill more than 200 in Sri Lankan churches, hotels on Easter Sunday
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Sun, 21 Apr 2019 Queen celebrates 93rd birthday at Easter service
Sun, 21 Apr 2019 Easter marred by Sri Lanka bombs, pope says in condemning blasts
Sun, 21 Apr 2019 U.S.' Pompeo: Americans were among those killed in Sri Lanka attacks
Sun, 21 Apr 2019 Egyptians vote for second day on constitutional changes
Sun, 21 Apr 2019 Khamenei appoints new chief for Iran's Revolutionary Guards
Sun, 21 Apr 2019 Pakistan's Prime Minister Khan in Iran to talk security, ties
Sun, 21 Apr 2019 Turkish opposition leader safe after attack at soldier's funeral

Lifestyle Actuary

Barnett Waddingham appoints Rosie Fantom as Bulk Annuity Consultant to its Corporate Consulting team.

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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