Faith Dickson comments on GMP equalisation in Pensions Age
Faith Dickson, partner, comments on the implications of GMP equalisation, it’s complexity and what issues should be focused on in Pensions Age.
Faith comments that while there could be a capacity crunch, not all schemes will go through the process together, meaning it could be almost three years before some have completed the process. Faith says “Most schemes are struggling with finalising GMP reconciliation as well, and they have done that, they can’t do the equalisation process. If all schemes are going to take a year to do it, they can’t do it all at once, so you could see it dragging on.”
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