GMP Equalisation

On 26 October, the High Court in the UK ruled that Guaranteed Minimum Pensions earned in UK Pension Schemes as a result of being Contracted Out of the State Second Pension System, must be equalised to reflect inequities in retirement ages between men and women.

The Company and the Trustees are currently working with the Scheme’s advisors on the potential impact to the Scheme and members’ benefits. We will make direct contact with affected members when we have more information.

 

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