Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what steps her Department is taking to ensure that employers are aware of the need to make pension equalisation payments to those people entitled to receive such payments.
The Government published a consultation response discussing Guaranteed Minimum Pension equalisation methods in March 2017, and guidance on Guaranteed Minimum Pension conversion and equalisation in April 2019.
The Government believes that schemes have a requirement to equalise in respect of Guaranteed Minimum Pensions and it is something they have been aware of, and should have been planning for, for many years.