Guaranteed Minimum Pension (GMP) update

The GMP reconciliation project is now in its final phase and on track for investigations to be completed by 31 December 2018. To date, around 1.6 million member records have been investigated and queries raised with HMRC where necessary. We’ll continue to review HRMC responses to ensure any follow up actions are swiftly completed.

Incorrect National Insurance numbers (NINOs) are still being detected and corrected where possible. Please can you ensure that NINOs are checked prior to submission to ensure their accuracy. You can continue to utilise existing processes to update or correct NINOs if you identify any that are incorrect.

We’ll provide further updates on GMP reconciliation, via the Bulletin, in the run up to the 31 December deadline.

Last Updated: 23/10/2018 13:17