We took the opportunity to ask schemes directly how they are getting on with GMPe and we had some interesting findings!
Earlier this year we asked a selection of PLSA members and our clients how they were getting on with their GMP equalisation projects.
We found that:
- 75% have started their journey but fewer than 5% have finished it.
- Pension schemes that say they will use method C2 are mainly early in the process. Those in the survey that have calculated arrears and are close to implementation for future payments have mainly used methods B or D2.
Take a look at our update to see our views on why this is the case and how to choose the right method for you. There is also a video to explain the different options.