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Equalizing Pensions with GAD Modeller
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Overview
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The Government Actuary’s Department (GAD) has created a modeller to assist clients in equalizing pensions in line with legal rulings, specifically addressing guaranteed minimum pension (GMP) issues. The modeller aims to evaluate individual member impacts, additional liabilities to be included in funding assessments, and offers bespoke GMP equalization solutions. GAD has successfully applied this approach for a specific client, enabling them to proceed with buy-out and address GMP equalization following a legal ruling.
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How can similar modelling approaches be applied to other financial and regulatory challenges?
How might the GAD modeller impact the overall pension landscape and the financial stability of companies?
What implications does this modeller have for the future of pension funding assessments and equalization?
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