PASA’s GMP Equalisation week kicks off with the release of new Communications Guidance

The cross industry GMP Equalisation Working Group (GMPEWG) today published follow up Guidance on member communication, entitled ‘Guide to GMP Communications – Implementation Stage’. The GMPEWG is chaired by the Pensions Administration Standards Association (PASA) and the Communications sub-group previously issued Guidance on the early planning stages of the communications process in August 2020.

The Guidance was launched during the first in a series of PASA webinars held each morning this week and focusing on different elements of the GMP Equalisation journey.

Louise Harris, Chair of the sub-group and Senior Director Communications & Change Management at Willis Towers Watson, commented: “Communicating the complex subject of GMP Equalisation to individuals in a clear and transparent way is a vital element in a scheme’s Equalisation project. This second instalment of communications Guidance places the individual at the centre of our thinking and simplifies a technical subject to support trustees and administrators where they’re starting to communicate with members and deliver equalisation. The Guidance includes:

  • Broad principles schemes can follow when implementing their communications to members
  • The member’s perspective and the normal context of other scheme communications
  • Timing your communications activity and the delivery milestones
  • Who to communicate with, what to tell them and why
  • Planning for data to use in communications
  • Post equalisation considerations for your ‘business as usual’ communications“Many schemes have suffered setbacks in the progression of their GMP Equalisation projects due to the impact of Covid-19, but the message from The Pensions Regulator and from PASA today is clear – let’s get this done for the members. GMP equalisation may be very complicated, but your communications don’t have to be.”

The Guide to ‘GMP Communications – Implementation stage’ can be found here.

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Lucy Collett