Guaranteed Minimum Pension (GMP) Research 2016

GMP reconciliation was cited by more than half of our respondents (53.6%), as a major challenge for the upcoming year. We have all seen the deadlines coming – April 2016 for cessation of contracting-out and December 2018 as the cut-off for GMP reconciliation.

Yet many of us have to get past the initial analysis stage before even thinking how to tackle the reconciliation and benefit rectification is still just a dark looming cloud for most. Our GMP research report takes a look at:

  • The knock on effects of the new state pension
  • The GMP challenge
  • Data discrepancies
  • Preparation for GMP reconciliations

Download the report

71%

71% of pension managers see the GMP reconciliation as a key administration challenge for 2016.

85%

85% of large schemes (above £500 million) see the GMP reconciliation as a key administration challenge for 2016.

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