Question: how can gmp benefits be revalued?
Answer: A GMP can also be revalued to a current date if, for example, the GMP amount is needed to provide a transfer value or pension sharing valuation. GMPs can be revalued using section 148 orders (full) revaluation, fixed rate revaluation or, where the date of termination is before 6 April 1997, limited rate revaluation.