Companies talk a lot about the environmental, social and governance (ESG) agenda, but it’s questionable whether this is born out in executive reward strategy. Long-Term Incentive Plans (LTIPs) are still very much weighted towards financial measures of success.
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For most defined benefit (DB) schemes, guaranteed minimum pensions (GMPs) are at best a major headache, and at worst, something to be fearful of.
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EQ Chief Operating Officer, Thera Prins looks to the future, and considers how interactions with EQ will evolve this year and beyond. She predicts a rise in self-service whilst retaining channels of choice like paper, for those customers who want them.
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As we look back on market performance over 2020, we observe that the pandemic amplified something that had already begun to affect IPO activity in 2019: the revival of competition between east and west.
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Let’s start with the ‘why’ before we get into the ‘how’. Society has seen a broad change in recent years; change that has shaped expectations.
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The GMP (guaranteed minimum pension) process is a long and involved one. Rectification and reconciliation have an obvious purpose – to determine what GMPs are due to your members before the reaching the next stage of equalisation.
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