Marvin OnumonuBroadstone has launched GMPE Now to help trustees carry out standalone GMP equalisation projects.
The service was set up to work with schemes at any stage, whether or not GMP data has been reconciled or rectified, and to fit with existing advisers.
GMPE Now is aimed at schemes of any size, including those preparing for risk transfer and those needing a faster process.
The service is built for scalability and clear pricing, offering bespoke solutions for schemes with over 10,000 members and lower-cost options for smaller schemes.
Calculations are handled by Broadstone’s actuarial and administration teams, who have completed over 200 GMPE exercises.
Nigel Jones (pictured), head of pensions, administration and advisory at Broadstone, said: “GMPE is both a complex and labour-intensive project which has led to significant delays, partly caused by complexity of the area, but also due to costly, over-engineered solutions.
“Now, seven years on from the original GMP ruling in October 2018, we feel it is imperative to deliver a solution that will help Trustees achieve a successful outcome both in a definite time-frame and in a cost-effective manner.
“Our specialist team is ready to bring on virtually any scheme looking for a transparent solution.”
Jones added: “We pride ourselves on our first-class administration service, have a proven track record of onboarding new clients quickly and are willing to work collaboratively with existing advisers, leveraging on proven delivery right through to Lloyds 3 and award-winning hands-on market experience.”
