Find out what’s happening at Sackers. Our News section provides information about recent work, press comment and media coverage, and what our people are doing.
Introduction The High Court handed down its highly anticipated decision in Lloyds Banking Group Pensions Trustees Ltd v Lloyds Bank plc and others on 26 October 2018, concluding that benefits do need to be equalised for the effect of GMPs....
Introduction The Government has published its response (“the Response”) to a consultation (see our Alert) on several contracting-out issues, including GMP equalisation. For a PDF version of this Alert click here. In this Alert Key...
Background The DWP is consulting on draft regulations, legislative review and a proposed methodology for equalising pensions for the effect of GMPs. In this response General comments The new approach Proposed changes to the GMP conversion...
Introduction The DWP is consulting on a new methodology for equalising pensions for the effect of inequalities caused by GMPs in private pension schemes. Meanwhile, HMT is separately consulting on how best to treat GMPs for affected...
Background The DWP’s consultation on equalising groups includes regulations and a possible equalisation method which propose changes to the Equality Act 2010 and the Pensions Act 2004 (the Acts) to remove the requirement for a...
Introduction After years of speculation, the DWP has finally published proposals for dealing with the intrinsic inequality of GMPs. As well as a consultation on draft regulations, the DWP is also consulting on a “possible method...
Background Under section 171 of the Pensions Act 2004, the PPF Board has a duty to pay compensation on a basis that is no more or less favourable to a woman (or man) than it would be to a comparable man (or woman) in respect of pensionable...
