The stress free approach – GMP rectification exercises

Jul 19, 2016

Guaranteed minimum pension (GMP) reconciliations can be strangely satisfying. There is almost a puzzle-like quality to the feeling of comparing two sets of data and getting exact matches, then dividing the non-matches into groups and working out what’s happened. There’s a satisfying eureka moment when you realise that a big group of members missing from the HM Revenue and Custom (HMRC) data were all part of the same bulk transfer years ago, and can be sorted out in one tidy query spreadsheet to HMRC.

Click below to read the full article written by Nathan Jones, Senior Technical Consultant at ITM Limited for PMI News.

Download

SIMILIAR NEWS

ITM and Altus join forces in first ground-breaking Pensions Dashboards connection ITM and Altus join forces in first ground-breaking Pensions Dashboards connection Nov 23, 2021 Today, Altus, Financial services software specialists, and ITM, pensions data and platform technology specialists, announced they are joining forces to become the industry’s first commercial
ITM becomes PASA expert partner for Pensions Dashboards ITM becomes PASA expert partner for Pensions Dashboards Nov 16, 2021 The Pensions Administration Standards Association (PASA), the independent body dedicated to driving up standards in pensions administration, today announced leading independent pensions data
GMPe Transfers: How far do you go? GMPe Transfers: How far do you go? Sep 28, 2021 How far should schemes go when it comes to past transfers and equalising GMPs? How far is it even possible to go?! With audit trails and data quite possibly not in the best shape, it’s no wonder
Processing...
Thank you! Your subscription has been confirmed. You'll hear from us soon.
ErrorHere