Pensions - Articles - GMPEWG launches Member Communications Guidance


The cross industry GMP Equalisation Working Group (GMPEWG) today published Guidance on member communication, entitled ‘Guide to GMP Communications - Early Planning Stage’. The GMPEWG is chaired by the Pensions Administration Standards Association (PASA), the Communications sub-group of this was set up earlier this year to support trustees in communicating the complexities of GMP Equalisation to their scheme members.

 Louise Harris, Chair of the sub-group, commented: “Communicating GMP equalisation is a complex subject - something that members aren’t expecting but need to know about, and something as an industry we should help them to understand. This committee, comprised of a diverse group of experts, are using their many different skills in communications to help guide and support schemes in how they approach explaining any changes to members and hopefully, at the same time, drive consistency in communication across the industry.

 This will be particularly important in instances where individuals might have had multiple employers in their working life, and so might potentially be receiving communications on the same issue from several different sources.

 “Our guidance is very much driven by member, not industry, need and our guiding principles in writing it have been simple, no jargon, inclusive and practical. We’ve also included a written Q&A schemes can use for members, together with a practical checklist. Having completed this we’re now already moving onto the next piece covering the Implementation Stage. We have a short three minute survey that schemes can fill in here to help us scope this next vital piece of Guidance , we would be very grateful if as many as possible would undertake. Pulling together shared learnings and experience helps us create the most effective Guidance possible for the industry.”
  

 Guide to GMP Communications - Early Planning Stage

Back to Index


Similar News to this Story

Wish list for the occupational pensions industry in 2025
As one year closes and another begins, it's an opportune moment to set our sights on the future. The UK occupational pensions industry faces nume
PSIG announces outcome of Consultation
The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, today announced the feedbac
Transfer values fell to a 12 month low during November
XPS Group’s Transfer Value Index reached a 12-month low, dropping to £151,000 during November 2024 before then recovering to its previous month-end po

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.