If you have benefits that were built up before 5 April 1997, they might include a GMP. The amount of a member’s GMP, and how it is to be increased, is set out in legislation. Following a recent High Court ruling, most UK schemes, like ours, must recalculate benefits to address the unequal effects of GMPs built up between 17 May 1990 and 5 April 1997.
To find out more about what this means, and what the Scheme will be doing, you can watch the short video below, read the updated communications that have been sent to you and take a look at our FAQs documents: