![]() |
Commenting on the GMP Equalisation Working Group’s initial guidance for good practice in GMP equalisation, Matt Davis, Head of GMP Equalisation at Hymans Robertson, says: |
“The publication of this initial guidance will be a comfort for the industry as it reflects our experience on GMP equalisation that a range of positions are being adopted by different schemes in different circumstances. For those schemes that have been slower to take action the guidance provides a useful, high level, overview of the things they need to be considering. The industry as a whole, however, will be interested to see the follow up guidance paper on the relationship between GMP rectification and equalisation, particularly in light of the recent delay at HMRC on providing schemes with the data needed to enable rectification.
“Despite the publication of this guidance there is still much uncertainty around GMP equalisation with different industry groups, including those with direct links to HMRC and DWP, working to different timescales. For example, today’s announcement highlights areas such as trivial commutation where clarification from HMRC would be welcomed by the industry. In our experience many schemes have stopped offering trivial commutation to members in cases where there is uncertainty over the tax position.” |
|
|
|
Senior Pensions Manager - Assurance | ||
Flexible / hybrid 2-3 days p/w office-based - Negotiable |
Head of Pricing | ||
London - Negotiable |
Consultancy Bonanza! | ||
UK-wide / London / hybrid - Negotiable |
Service Delivery Manager - Pensions | ||
Scotland / remote / 2 dpm in the office - Negotiable |
Life Actuarial Student – Risk | ||
Glasgow / hybrid 2 dpw office-based - Negotiable |
Senior Investment Analyst | ||
London / hybrid - Negotiable |
ALM Strategy Specialist | ||
Bermuda - Negotiable |
Senior Casualty Reinsurance Actuary | ||
London - £140,000 Per Annum |
Senior Pensions Administrator - Midlands | ||
Birmingham / hybrid - Negotiable |
Senior Pensions Administrator - Scotland | ||
Scotland / hybrid 2 days per month office-based - Negotiable |
Investment Analyst | ||
South East / hybrid - Negotiable |
International Capital Management Actuary | ||
Bermuda - Negotiable |
VP Reserving Actuary | ||
London - £150,000 Per Annum |
Calling all BPA analysts! | ||
North West / hybrid 50/50 - Negotiable |
Financial Planning & Analysis Actuary | ||
London/Hybrid - Negotiable |
Apply Your Doctorate to Technical Pri... | ||
Fully remote / nationwide / hybrid working options all available - Negotiable |
P&C Consultant | ||
London / hybrid 3dpw office-based - Negotiable |
Senior Pricing Actuary | ||
London - £140,000 Per Annum |
Actuarial Pensions Manager | ||
Flex / hybrid 2-3 dpw office-based - Negotiable |
Financial Reporting in beautiful Bermuda | ||
Bermuda - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.