GMP equalisation – It’s time to get started

Your journey to equalised GMPs starts with trustee training

Our simplified GMP equalisation process starts with a short training session, which counts as formal training on your trustee training log.

The training will give you a clear understanding of GMP equalisation and help you make the right decisions for your scheme at each step:

  • Data preparation – Checking that your data is accurate and complete
  • Method selection – Agreeing methods for past and future benefits
  • Member communications – Keeping members informed.

We have published a recording of our training session, which will be available online, whenever you want to watch it.

Whether you missed the original live training session or want to watch it again at your own pace, register now to access the recording.

Register and access the training session recording

Training for sponsors and trustees on GMP equalisation

 
These are the slides used in our training session held on 27 January 2021. We hope they are helpful for participants. If you would like to see the recorded seminar please click the blue button above.

Equalisation methods for past payments

In this short video, Wendy Handcock explains the different approaches that can be taken to equalising past payments and gives some simple examples to help explain your options.

Equalisation using dual records

In this video, Wendy Handcock compares the different dual methods that can be used to achieve GMP equalisation. She looks at calculations for back-payments to pensioners and equalised pensions for men and women using each of those methods.

GMP equalisation – The conversion approach

In this video, Wendy Handcock looks at the conversion approach to equalising GMPs. This can be used only for equalising future benefits. To calculate back payments, you'll need to use method B, C1 or C2, covered in our video 'Equalisation methods for past payments'.

Find out more

Download our guide to the process of GMP equalisation

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Download our guide to the basics of GMP equalisation

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