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.

Equalizing Pensions with GAD Modeller