John advises a range of trustee boards and UK businesses on their defined benefit pension schemes including scheme funding, PPF levy issues and accounting disclosures.
John is putting together the firms approach to carrying out GMP equalisation and conversion and is excited about the possibilities for genuine pension simplification that this may bring.
Clients appreciate John’s pragmatic approach, clear advice and desire to find solutions to guide them through the pitfalls of running a defined benefit pension scheme.
John is the firm’s expert on Defined Benefit SSAS’s (Small Self Administered Schemes) and has been setting these up for new clients in recent years with a particular focus on managing Annual Allowance and Lifetime Allowance issues.
We have developed a streamlined process to carry out GMP equalisation and potentially conversion and simplification too. An outline of what this will look like is available to download.
John Cormell focuses on our approach in considering the specifics of each scheme and to only implement GMP equalisation in transfer values where appropriate and agreed by the trustees.
John Cormell and Richard Gibson explore the issue of guaranteed minimum pension (GMP) conversion.