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ARTICLE · 10 SEPTEMBER 2020

What Did The Lloyds Cases Say?

Gowling WLG
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On 26 October 2018, the High Court handed down an important judgment on equalisation of guaranteed minimum pensions (GMPs) in Lloyds Banking Group Pensions Trustees Limited v Lloyds Bank plc

CanadaEmployment and HR
Jason Coates
Jason Coates
Christopher Stiles
Christopher Stiles
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On 26 October 2018, the High Court handed down an important judgment on equalisation of guaranteed minimum pensions (GMPs) in Lloyds Banking Group Pensions Trustees Limited v Lloyds Bank plc and others [2018] EWHC 2839 (Ch) (28 October 2018) (Lloyds).

Since the judgment was handed down, the pensions industry has been grappling with how to implement the equalisation of GMPs in practice.

Our experts have distilled this lengthy judgment and bring you a key point summary, a plain English explanation of the issues and suggestions on next steps for employers and trustees.

This Insight is the second in our updated series of Insights on GMP equalisation. You can navigate between these Insights using the links below.

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