Guaranteed Minimum Pension (GMP) Reconciliation Services
Experienced resources to help your scheme meet the GMP challenge.
With HM Revenue & Customs (HMRC) launching the next phase of GMP Reconciliation – for Active members – early in 2017 and ongoing pressure to complete the first phase for Pensioners and Deferred members, LGPS and other public and private sector pension schemes may be struggling to devote sufficient resources to complete this complex task.
LPP has been carrying out bespoke GMP Reconciliation projects since 2011, identifying members who have incorrect or missing GMP amounts and carrying out corrective action to revise their pensions.
- LPP has the resources and expertise to make identifying and reconciling GMP differences a smooth and straightforward process for your scheme.
- We have developed a three-stage customised approach covering record analysis, query reconciliation and data amendment, allowing you to choose whichever stage you require help with.
- Each stage is backed up by comprehensive progress reporting.