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GMPE and Lloyds 3: why it’s time for pension schemes to end this saga

Oct 29, 2025
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It’s now seven years since the High Court ruled in favour of Guaranteed Minimum Pension equalisation (GMPE) and almost five years since the Lloyds 3 judgment tied up loose ends. 

Yet many pension schemes have made little or no progress on this important work. In this edition of the pod, John Wilson talks to Terry Wharton, our Head of Projects, about why it’s time to draw a line under the GMPE saga – including Lloyds 3.

Presenter: John Wilson, Head of Pensions Technical, Aptia 

Guest: Terry Wharton, Head of Projects, Aptia 

You can listen to the podcast here – and don’t forget to subscribe so you don’t miss the next episode!

You can also read a transcript of the conversation here. 

 

Show notes 

Heed the Pensions Ombudsman: no more delays on GMPE and Lloyds 3  

It’s time to complete Lloyds 3 – and end pension schemes’ GMPE saga

 

The content provided in our publications, including articles on our website and podcasts, is intended solely for informational purposes. It should not be construed as professional advice and should not be relied upon for any purpose. We strongly recommend seeking appropriate professional advice tailored to your specific circumstances before making any decisions based on this information.

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Footer 1

  • About
  • About Aptia
  • Contact
  • Insights
  • Press

Footer 2

  • Solutions
  • Pensions Administration

Footer 3

  • Careers
  • Working for Aptia
  • Job Openings

footer 4

  • Notices
  • Privacy Notice
  • Cookie Notice
  • Modern Slavery Statement

Aptia Group Limited is the holding company of Aptia Insurance Services Group LLC that operates in the US, and Aptia UK Limited that operates in the UK.