GMP Court Case
GMPs – What Next?
Following the Union’s historic legal victory on Guaranteed Minimum Pensions (GMPs) in October 2018, the Trustee and the bank have been looking at how to equalise pensions and implement the Court’s decision. That work is ongoing and once completed could result in some...
3.9 Million Women Campaign For State Pensions
The hearing into whether 3.9 million 50s born women have been cheated out of their state pension by the government has been set by the High Court for May 24.BackgroundThe Pensions Act 1995 provided for the State Pension age (SPA) for women to increase from 60 to 65...
GMP Cout Case Judgment
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Bank faces £150m bill after landmark pensions ruling – Article By People Management
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Landmark pensions ruling may cost Lloyds Banking Group $192 million – REUTERS
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Lloyds faces bill of up to £150m in pensions discrimination ruling – The Guardian
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Union Wins Landmark Legal Case
Well, we’ve done it again. In the most anticipated pension case in 30 years, the High Court has ruled today that the Lloyds Banking Group pension schemes must equalise guaranteed minimum pensions (GMPs) for men and women. The outcome of this case will have profound...
Pensioners To Receive Millions In Back Payments – Article By The FT Adviser
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The Methods of Equalisation
How to achieve pension equality, if that is what is required, is the most complex question raised in the proceedings and the one that’s taken up much of the Court’s time The actuaries and lawyers have identified four possible methods, three of which have possible...
GMP & The Government
The case is going as we expected and there have been no surprises. Many members have asked why the Department of Work and Pension (DWP) and HM Treasury (HMT) are involved in the case. The Government applied, very late in the day, to intervene in the proceedings. They...
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