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 will soon be publishing a recording of our training session, which will be available online, whenever you want to watch it.

Access the training session recording(available shortly)

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

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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First Actuarial case studies

The Kennel Club

Concerned about the risk of an Employer contribution increase as a result of high liabilities, Trustees of the Kennel Club Pension Fund turned to First Actuarial.

“They’re extremely professional and helpful. Their input always seems sound, logical and well presented. First Actuarial handled the transition well, they provide us with helpful guidance, and have delivered what they promised when they pitched for the work.”

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RSPB

The RSPB was determined to minimise the impact of its new defined contribution scheme on employees, and appointed First Actuarial to support the transition and select a provider with strong ethical values.

“I would definitely recommend working with First Actuarial. Their consultants went over and above the call of duty to make sure the project progressed smoothly.”

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Bolton Cares

Taking responsibility for care services previously provided by a local authority, Bolton Cares turned to First Actuarial for help in setting up a competitive and affordable DC pension scheme for its staff.

“They’ve been really helpful and professional throughout the project, and we’ll use them again if we need specialist advice.”

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