Guaranteed Minimum Pension (GMP) update

The GMP reconciliation exercise continues to make good progress with over 120,000 member records investigated to date.  We’re in consultation with HMRC to rectify queries, which allows us to keep employer contact to a minimum.

Active member reconciliation is on target to commence within quarter one of 2017 and it’s anticipated that it may be necessary to contact you to clarify queries relating to the service details of active members.  We’ll continue to complete comprehensive investigations within the GMP team as a matter of course, to minimise disruption to you.

Further updates on progress will continue to be published via our bulletin.

Last Updated: 12/07/2019 15:25