13th July 2016 Anna Rogers in Professional Pensions on Brexit implications for GMP equalisation
Following the Brexit vote the decision to leave the EU could mean trustees will be even less likely to take action on their equalising guaranteed minimum pensions (GMPs), other than on winding-up. Anna Rogers discusses in Professional Pensions how Brexit has increased the already high degree of uncertainty around GMPs.
Anna states: “It is going to take a long time to disentangle UK law and European law. Clarifying the legislative requirements on GMP equalisation is not going to be on the government’s agenda in the near term.”
“We have equal pay under UK law and as far as I know nobody is suggesting changing that. So the question remains the same – what does that specifically mean in relation to GMPs?”
Read the full article in professional Pensions here.
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