This bill clarifies rules allowing pension schemes to convert Guaranteed Minimum Pension (GMP) benefits into other forms of payment, making it easier for schemes to equalise pensions between men and women.
A Bill to make provision about the amendment of pension schemes so as to provide for the conversion of rights to a guaranteed minimum pension.
Status: Act of Parliament
Current House: Unassigned
Stage: Royal Assent
Sponsored by: Margaret Ferrier, Baroness Redfern
Introduced: 2021-06-16
Royal Assent: 2022-04-28