Anne-Marie Winton comments in Pensions Week re PASA guidance urges schemes to prioritise GMP
Anne-Marie said many schemes were still taking a bit of an “ostrich approach” to GMP reconciliation, and you “almost have to get in a queue with HMRC to get your records sorted out”.
She also said schemes that were looking to complete a bulk annuity transaction or similar de-risking exercise would be more likely to have begun reconciliation in order to help with pricing for the exercise.
However, for those that are not “there’s probably some reluctance to prioritise it”.
Read the full article in Pensions Week here.
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