GMP conversion
Occupational pension schemes may convert GMPs into ordinary scheme benefits, provided five stringent conditions are met. Condition 1: Post-conversion benefits must be “actuarially at least equivalent to the pre-conversion...
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Occupational pension schemes may convert GMPs into ordinary scheme benefits, provided five stringent conditions are met. Condition 1: Post-conversion benefits must be “actuarially at least equivalent to the pre-conversion...
