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ARTICLE · 14 MAY 2019

DWP Publishes GMP Conversion Guidance: What Does This Mean For Trustees And Employers?

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Since the judgment in Lloyds last year, trustees, employers and pension professionals have been awaiting guidance from the Department for Work and Pensions.

CanadaEmployment and HR
Suzanne Mortimer
Suzanne Mortimer
Christopher Stiles
Christopher Stiles
Jason Coates
Jason Coates
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Since the judgment in Lloyds1 last year, trustees, employers and pension professionals have been awaiting guidance from the Department for Work and Pensions (the DWP) on the use of Guaranteed Minimum Pensions (GMP) conversion legislation. Late last week, the guidance was published.

In the first part of our Insight, we set out a summary of the key points and issues arising from the DWP's Guidance on the use of the Guaranteed Minimum Pensions (GMP) conversion legislation (18 April 2019) (the Guidance) on the use of the GMP conversion legislation. This Insight does not:

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