What does GMP stand for?

Guaranteed Minimum Pension

This definition appears very rarely and is found in the following Acronym Finder categories:

Business, finance, etc.

Other Resources:

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Samples in periodicals archive:

Article by the pensions team Originally Published 29th October 2008 Overview The Pensions Act 2007 ("the 2007 Act") contains provisions permitting contracted-out occupational final salary pension schemes to convert members' Guaranteed Minimum Pensions ("GMPs") into ordinary scheme benefits on the basis of "actuarial equivalence".

Conversion Of Guaranteed Minimum Pensions

Mr Field said he believed everyone who works should get a guaranteed minimum pension, funded through a combination of state pension and compulsory savings.

MP warns Brown: Solve finance crisis or face riots

A statement insisted it was "not at fault" and "not responsible" for the overpayments, which arose because a pension element known as the Guaranteed Minimum Pension was not properly recorded.

Row erupts over pounds 140m State pensions blunders

She pledged a guaranteed minimum pension and pounds 20 "winter warmer" for the next three years.

Pensioners are finally warming to Harman; HELPING THE AGED: pounds ...

Consultation on Guaranteed Minimum Pension conversion Regulations Schemes are to be able to convert Guaranteed Minimum Pensions ("GMPs") into other scheme benefits, provided that after conversion they are at least actuarially equivalent.

UK pensions update

This chunk of money is called your Guaranteed Minimum Pension GMP).

THE PENSION FUND NET IS FULL OF HOLES

In return, firms should make a reasonable minimum contribution, say 10 per cent, to ensure a guaranteed minimum pension.

SELL-OUT

GMP CONVERSION - CONSULTATION ON DRAFT REGULATIONS The DWP has published draft regulations for consultation which will allow (but not compel) contracted-out occupational pension schemes to convert Guaranteed Minimum Pensions to scheme benefits, probably from 6 April 2009.

Pensions Update - September 2008