Pensions Expert: GMP comms warning as Pensions Ombudsman orders Volkswagen scheme to pay redress Trustees have been warned not to “unreasonably delay” the equalisation of guaranteed minimum pensions (GMPs) following a recent decision by the Pensions Ombudsman. The Ombudsman awarded a member of ... GMP comms warning as Pensions Ombudsman orders Volkswagen scheme to pay redress New guidance on guaranteed minimum pensions has clarified the tax implication of equalising past inequalities between men and women, but critics have said it leaves unaddressed important questions for ...

Understanding the Context

The National Law Review: Time for Some Spring Cleaning? Ombudsman’s Determination Shows Need to Press on With GMP Equalisation Time for Some Spring Cleaning? Ombudsman’s Determination Shows Need to Press on With GMP Equalisation On the go: Guy Opperman has called on pension schemes to take immediate action to equalise guaranteed minimum pension payments. The pensions minister called out schemes saying they should take action ...

Key Insights

GMP stands for Good Manufacturing Practices, a system that ensures that manufactured products—such as food, cosmetics, and pharmaceutical goods—are consistently produced and controlled according to set quality standards.