Guaranteed Minimum Pension Update

Deferred and Pensioner GMP reconciliation is expected to be completed by the end of March, when a total of 206,000 member records will have had an initial investigation completed. Query resolution with HMRC is likely to be on going for a further few weeks. 

We remain on track to commence the reconciliation of Active members from the beginning of April.  It’s likely that contact with employers may be necessary to help with service and/or salary related queries, which come to light as a result of the investigations. We’re currently finalising the process for contact and remain mindful of the need to ensure contact with you is kept to a minimum.

Details of the final process agreed will be published within this Bulletin.

Last Updated: 28/08/2018 13:56