A pragmatic and robust approach to GMP equalisation
Square delivers a uniquely packaged, efficient, and innovative route to equalisation, rectification, and conversion, which incorporates:
- A fully integrated end-to-end process, which can be delivered as a standalone project, independent of a scheme’s existing adviser
- Additional capability to address past transfer values equalisation exercise, alongside or as a separate exercise to the main GMP equalisation project
- Cutting-edge, clear member communications
- Innovative technology, using our proprietary Janus method
The Square process benefits from unique end-to-end mapping, and is divided into four stages:
- Fact find and initial advice
- Advice and decision on equalisation approach
- Calculation and implementation
- Communication
Each stage comes with a checklist, a full suite of client advice material, and template communications.
In addition, for historic transfer value projects, we will:
- Track down the member/dependants
- Find the data and assumptions underlying the original transfer value
- Establish a pragmatic approach where data and assumptions are unavailable
- Establish a mechanism for making payment and agree this with the member
Square places pension schemes well ahead of the curve, with positive results for members, trustees, and scheme sponsors alike.
