GMP Court Case

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How to achieve pension equality, if that is what is required, is the most complex question raised in the proceedings and the one that’s taken up much of the Court’s time The actuaries and lawyers have identified four possible methods, three of which have possible...

The case is going as we expected and there have been no surprises. Many members have asked why the Department of Work and Pension (DWP) and HM Treasury (HMT) are involved in the case. The Government applied, very late in the day, to intervene in the proceedings. They...

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The Union’s landmark legal case on the equalisation of Guaranteed Minimum Pensions (GMPs) has now been lodged with the High Court. Members will recall that the Bank, BTU and the Lloyds Banking Group Pensions Trustee Limited are bringing the case jointly. Three...

The Bank, the Trustee Board and BTU have agreed jointly to refer the Union’s landmark legal action on Guaranteed Minimum Pensions (GMPs) to the High Court. Given what’s gone on over the past 18 months that’s not a sentence I expected to write. Under what’s called a...

It’s a complex subject, so bear with me. The issue is about how pensions, in particular Guaranteed Minimum Pensions (GMPs), are increased under the rules of the Bank’s defined benefit (final salary) pension schemes. The outcome is straightforward. The pensions of...