GMP Equalisation Survey - October 2021

Name (optional)

Organisation/Pension Scheme (optional)

1. Are you a:

Trustee
Sponsoring Employer
Adviser
Other (please specify):

If you are involved with a number of occupational pension schemes, please answer the following questions based on a typical scheme in your portfolio.

2. Is the scheme paying equalised transfer values going forward?

Yes
No

3. What do you see as the main challenges to be overcome as part of the scheme completing its GMP equalisation project overall? (Please pick up to 5 of the following reasons, ranking them in order (where 1 is the most important reason and 5 the least important).)

	1	2	3	4	5
Cost	Cost 1	Cost 2	Cost 3	Cost 4	Cost 5
Benefit design quirks	Benefit design quirks 1	Benefit design quirks 2	Benefit design quirks 3	Benefit design quirks 4	Benefit design quirks 5
Fitting around other scheme business	Fitting around other scheme business 1	Fitting around other scheme business 2	Fitting around other scheme business 3	Fitting around other scheme business 4	Fitting around other scheme business 5
Data quality	Data quality 1	Data quality 2	Data quality 3	Data quality 4	Data quality 5
Capacity of advisers	Capacity of advisers 1	Capacity of advisers 2	Capacity of advisers 3	Capacity of advisers 4	Capacity of advisers 5
Administrative capability	Administrative capability 1	Administrative capability 2	Administrative capability 3	Administrative capability 4	Administrative capability 5
Uncertainty around conversion	Uncertainty around conversion 1	Uncertainty around conversion 2	Uncertainty around conversion 3	Uncertainty around conversion 4	Uncertainty around conversion 5
Lack of industry consensus	Lack of industry consensus 1	Lack of industry consensus 2	Lack of industry consensus 3	Lack of industry consensus 4	Lack of industry consensus 5
Uncertainty around tax treatment	Uncertainty around tax treatment 1	Uncertainty around tax treatment 2	Uncertainty around tax treatment 3	Uncertainty around tax treatment 4	Uncertainty around tax treatment 5
Complexity	Complexity 1	Complexity 2	Complexity 3	Complexity 4	Complexity 5
Other	Other 1	Other 2	Other 3	Other 4	Other 5

If Other is selected please give more details:

4. Have you started carrying out data analysis to identify any gaps in scheme data that could impact the scheme’s GMP equalisation project?

Yes
No

5. Are you planning to trace former members in order to fill in missing data gaps and pay transfer top ups?

Yes
No
No decision made

6. Are you planning to contact other pension plans to enquire about the payment of top ups, where transfers have been paid from those plans to the scheme?

Yes – for bulk transfers
Yes – for individual transfers
No
No decision made

7. Are you planning to defer making GMP rectification adjustments to pension benefits in order to combine the adjustments with those required for GMP equalisation?

	Yes	No	No decision made
Active and deferred members	Active and deferred members Yes	Active and deferred members No	Active and deferred members No decision made
Pensioner members	Pensioner members Yes	Pensioner members No	Pensioner members No decision made

8. Approximately how many members have raised queries regarding the impact of GMP equalisation on their benefits?

None
0 to 5 queries
5 to 10 queries
10+ queries

9. If you have any other comments or observations you would like to make in relation to the GMP equalisation process please leave them here:

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