Rachel Pinto, Pensions Partner, Herbert Smith Freehills discusses the implications of GMP equalisation for bulk annuity transactions with Uzma Nazir, Head of Origination Structuring, Pension Insurance Corporation. In the discussion, Uzma shares her views on:
- how insurers are approaching the issue of GMP equalisation
- how GMP equalisation and the different implementation methodologies may impact insurers' pricing
- the potential benefits of GMP conversion, and
- whether GMP equalisation is causing difficulties for bulk annuity transactions that are currently in progress.
