Help and information
The government’s MoneyHelper service has a pensions and retirement section where you can find information on lots of different pension subjects.
The Citizens Advice website also has a section on pensions.
Unbiased has an article on GMP (targeted at people considering financial advice).
The Pension and Lifetime Savings Association (PLSA) has a GMP equalisation made simple guide you can download. It’s aimed at pension scheme administrators and trustees rather than pension scheme members, but you may find it useful. It has a detailed history of GMP, though the sections on different equalisation methods are rather technical.
If you would like advice about what to do with your pension benefits, you will need to find a regulated independent financial adviser and pay them to help you. The following organisations can help you find a financial adviser (though they will not recommend individual advisers).
The Financial Conduct Authority (FCA) website has a section on finding a financial adviser.
MoneyHelper has a directory of financial advisers that specialise in retirement.
The Personal Finance Society has a What we do for the public section with a searchable directory of financial advisers. You can filter the search to find advisers who specialise in pension advice.
Unbiased can provide contact details for professional advisers, including financial advisers, in your area.
Once you find an adviser you would like to use, you should check they appear on the FCA’s financial services register. This means they are regulated and approved by the FCA. They must be qualified to Level 4 of the Qualifications and Credit Framework (equivalent to the first year of a university degree) and have a Statement of Professional Standing (which must be updated every year). You should also ask them about their fees.
The FCA has a list of questions to ask an adviser.
For questions about your pension please contact your Plan administrator.
When the GMP work is complete, we will write to you if there are any changes to your pension. If you don’t receive a letter from us, you can assume that your pension isn’t changing.
If you are a member of the Plans, your administrator is WTW.
From overseas: +44 1737 227563
Remember, if you are a current employee, you can access the website through Total Reward Online using your work laptop.
- The GSK Pensions Administration Team,
- PO Box 545,
- Redhill, Surrey, RH1 1YX
If you are a member of the Stiefel section of the SmithKline Beecham Pension Plan, your administrator is Barnett Waddingham.
0333 111 1222
- SmithKline Beecham Pension Plan,
- Barnett Waddingham,
- Decimal Place, Chiltern Avenue,
- Amersham, Bucks, JHP6 5FG
If you would like to contact the Trustee, you can do this through the Secretary to the Trustee. However, the Trustee will not be able to tell you whether your pension will change as a result of the GMP work.
Secretary to the Trustee
- GSK House,
- 980 Great West Road,
- TW8 9GS