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Court rules on changes to Guaranteed Minimum Pensions

The High Court has ruled that defined pension schemes like ours must ‘equalise’ pensions. This is because the Guaranteed Minimum Pension (GMP) element of some members’ pensions can be different between men and women. As a result, some members might get a top-up to the pension they receive from the Fund. Any such top-up is likely to be relatively small for most members, and won’t happen for some time. No member will see the value of their pension go down as a result of the Court’s ruling.

Posted on Oct 09, 2018 | Read more