Opinion: GMP Equalisation - Managing the costs
Implementation costs for GMP equalisation could have a DOUBLE-WHAMMY P&L hit for sponsors unless carefully managed.
Sponsors had a P&L hit after the 2018 Lloyds judgement reflecting the increase in members’ benefits. And there are the implementation costs to come. For some these could be as great as the 2018 charge.
In this two minute video, see how Isio can help sponsors and trustees manage these costs.