PTL Blog

Reconciling our differences

Posted by Alison Bostock on Jul 25, 2018, 10:12:00 AM

Find me on:

Alison_Bostock“Tens of thousands” of pension scheme members are being asked to return overpayments of pensions, PTL's Alison Bostock looks at the truth behind the headlines.

I was somewhat surprised recently to see an article about GMP reconciliation on the front page of the Daily Telegraph. They didn’t actually use that term but the message was clear – “tens of thousands” of pension scheme members are being asked to return over-payments of pensions arising from errors made over many years, following a trawl of records by HMRC. It was also noted that some people would be receiving back-payments, but “without any interest or compensation”. Headline grabbing stuff for an obscure area of pensions administration.

This blog first appeared in Pension Funds Insider. To continue reading, click here.

 

Subscribe to Email Updates

Recent Posts