GMP equalisation

Clients benefit from our market-leading experience of delivering successful projects to determine the right approach for them, which depends on their membership, benefits, priorities and strategic objectives. Our powerful charts bring our analysis to life, helping clients to understand the uplifts for their members and make the best decisions.

Six steps to achieving GMP equalisation

GMP equalisation projects can be significant. Our six-step plan provides a clear path to completion.

1. Strategy
2. Data
3. Non-pensioners
4. Pensioner arrears
5. Future payments
6. Past members

Tailored advice to help make informed decisions

We have a wide experience of GMP equalisation, including all possible methods of implementation, working with insurance companies to agree an approach that is also acceptable to them, dealing with pensions tax implications and running projects in conjunction with other data cleanse exercises. We will make sure we agree on the best approach, delivering value to our clients and their members.

Integrated teams

Our specialist teams draw on a broad range of experience including from our actuarial, pensions administration, data services, pension risk transfer, and pensions taxation teams which, combined with experienced project managers, will deliver a holistic solution.

Bespoke GMP Equaliser tool

Our GMP Equaliser tool is integrated within our administration and actuarial systems. It can perform all the calculations required for GMP equalisation (and GMP rectification) arrears and then seamlessly undertake conversion calculations (if needed), saving our clients time and money.

Focusing effort on what will have the most impact

Data is important but the data needed varies between members. Our approach will help limit the challenges associated with incomplete or incorrect data and ensure your administration team’s valuable resource is prioritised effectively.