Webinar on-demand: Enough is enough - Managing residual GMP equalisation risk

In this webinar, we consider the risk of not settling all liabilities in GMP equalisation projects and how trustees can protect themselves against such risk

08 April 2022

No matter what stage you are at in your GMP equalisation project, there may well come a time where you have to draw a line and conclude that not all liabilities will be settled – for example due to data gaps or missing beneficiaries. Where trustees do not settle all liabilities what claims could members bring and what can trustees do to protect themselves? How might it impact on a buy-out and wind-up down the line? In this recording of a live webinar specialists from Burges Salmon and the insurer Occupational Pensions Defence Union answer these questions and more.

What we cover:

  • What GMP equalisation (or other) claims could trustees face from members and what potential arguments are available to defend those claims?
  • In what circumstances could trustees be personally liable for failing to settle a GMP equalisation liability?
  • What can trustees of an ongoing scheme do to protect themselves and the scheme from the cost of future claims?
  • Are there additional steps that trustees should consider taking on wind-up of the scheme to protect against any residual risk?
  • Can insurance help and, if so, what are the available insurance options?

This webinar will be of interest to all trustees and pensions advisers conducting a GMP equalisation or other benefit correction/rectification exercise.

We hope you will find this conversation useful and if you have any questions on the topics which were covered, please do get in touch.

To watch the webinar on demand, please use the button below.

 

 

Please note, this webinar was first broadcast on 29 March 2022.

If you would like an accessible version of this webinar, please email Lauren Brenton on Lauren.Brenton@burges-salmon.com.

 
To watch any of our 2021 webinars on-demand, please follow the below links:

Group Corporate Activity: When will TPR’s new powers apply – a practical guide

Counter fraud update for the pensions sector

Pension Schemes Act 2021 - Practical Insights from the Silentnight Case

Pension Transfers and Scams – what you need to know in a fast changing environment

Cyber Security and Pension Schemes

Pensions Law - Planning and prioritising for 2021

 

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