GMP Equalisation: grasping the nettle

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Presented by

Stewart Winter, Equiniti - John Wilson, Spence and Partners - Donna Dickie, Hymans Robertson - Simon Borhan, Linklaters LLP

About this talk

There is massive unrest in the marketplace around this specific regulation, with a lot of uncertainty and a good deal of hesitancy from schemes to be pro-active in preparing for GMP Equalisation. Although this is no excuse for firms to continue postponing the problem – they must start assessing their data and getting on with the corrections that they will inevitably have to carry out. Bringing together the "4 pillars" (administrator, actuary, lawyer, trustee) to discuss the challenges of GMP Equalisation we will cover; • Admin - Data issues - On-going admin - Pragmatic versus pedantic consideration (combined with actuarial) • Actuarial - Complexities of the calculations/methodologies - Pragmatic versus pedantic considerations - Liability impact - Approach on the calculation of equalisation, i.e. from first principles or forms approach - Historic look back to PPF • Trustee - Perspective from a custodian position - Consideration of members and effect on the scheme - Employer considerations around decision making - The tax implications • Legal - The legal debate - Where we are, what’s current and what is to be expected/predicted • Overall - Joined up advisory approach to resolve the issue - Strap in for the long journey, it ain’t gonna be a short one By attending this webinar you will achieve 90-minutes towards your CPD requirements.
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