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A consistent and efficient approach

Following the Lloyds Banking Group Judgement 2018, pension schemes are obliged to equalise Guaranteed Minimum Pension (GMP) benefits for all impacted members. Schemes are required to recalculate benefits over an extended period to provide equal GMPs for males and females for the period from 1990 to 1997.

Our team of legislative and calculation experts are on hand to guide you through GMP Equalisation. They’ll ensure a consistent and equitable approach at every step, working closely with you to make it a smooth and straightforward procedure. 

Reducing administrative impact

Our solutions ease the administrative burden of GMP equalisation, and ensure full compliance.  

  • Complete data confidence
    You can rely on our expertise to extract, clean, and analyse your data. We’ll ensure accuracy every step of the way.
  • Streamlined data management 
    Look at your data differently. Our new data views are designed to provide clarity and consistency, making the process more straightforward.
  • Timesaving tools
    Our user-friendly tools allow you to efficiently populate bulk data views. Saving you valuable time and resources. 
  • Future-proof calculations
    Benefit from automatic inclusion of GMP Equalisation in future calculations. Reducing administrative work. Ensuring compliance. Improving efficiency. 

Reasons to choose our GMP Equalisation solutions

Discover how our solutions guarantee an efficient and compliant process:

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Automated calculations

With our automated solutions, you can minimise the administrative burden and free up valuable time to focus on other essential aspects of your business.
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Complete compliance

We’ll work with you to ensure compliance at every step, giving you the confidence to administer your scheme with GMP Equalisation.

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Valuable insights

Tap into the experience of other customers who have already embarked on or completed this process. Benefit from their knowledge, and boost your own.

Collaboration and confidence

We work closely with you to identify members who have been impacted and take into account adjustments needed for past and future benefit payments, as well as current and historical transfer value calculation bases. Our goal is to make the process of GMP Equalisation as seamless as possible. 

No matter which approach you choose, our solutions ensure an efficient and adaptable process for GMP Equalisation. We collaborate with you to provide complete assurance of the outcome. Confidence guaranteed. 

Data services resources

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Who we work with

Our customer list speaks for itself. At Heywood, we believe a true partnership is a two-way street. Mutual trust and respect are at the core of every interaction. And that’s why we enjoy long-term partnerships with all of our customers.