![]() |
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.” |
|
|
|
BPA Implementation Manager | ||
North / hybrid working 50/50 - Negotiable |
Head of Reserving | ||
City of London - £150,000 Per Annum |
PRT or BPA Specialist | ||
Nationwide offices / hybrid working - Negotiable |
Retirement Consultant | ||
UK-wide / hybrid 2 dpw office-based - Negotiable |
GI Associate Actuarial Director | ||
London / hybrid 2-3 dpw office-based - Negotiable |
GI Actuarial Senior Manager | ||
London / hybrid 2-3 dpw office-based - Negotiable |
Actuarial Manager - GI/Risk | ||
London / hybrid 2-3 dpw office-based - Negotiable |
Insurance Risk Manager | ||
London / hybrid 2-3 dpw office-based - Negotiable |
Financial Risk Leader - ALM Oversight | ||
Flex / hybrid - Negotiable |
Financial Risk Leader | ||
Flex / hybrid - Negotiable |
Take the lead on actuarial financial ... | ||
Flex / hybrid - Negotiable |
With-Profits and Investment Risk Expert | ||
Flex / hybrid - Negotiable |
Reinsurance Actuary | ||
London/Hybrid - Negotiable |
CONTRACT (12 months): Underwriter | ||
Fully remote - Negotiable |
CONTRACT (12 months): Senior Underwriter | ||
Fully remote - Negotiable |
MI Manager | ||
UK South West / hybrid 2 days in the office - Negotiable |
Senior MI Analyst | ||
UK South West / hybrid 2 days in the office - Negotiable |
LONDON MARKET CONTRACT: Capital Model... | ||
London/hybrid 2-3dpw office-based - Negotiable |
Senior M&A Actuary | ||
London / hybrid 3 dpw office-based - Negotiable |
Market-leading Pricing | ||
South East or Scotland / hybrid 2 dpw in the office - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.