EY’s Guaranteed Minimum Pension exercise

The information on this website is only relevant for members of the Plan. ‘We’, ‘us’ and ‘our’ refer to the Trustee of the Plan.

We wrote to members of the Plan in September 2025 to say that we have to check a part of their pension known as Guaranteed Minimum Pension (GMP). We also explained that we are consulting about converting GMP into normal (non-GMP) pension.

We’re making your EY pension fairer and simpler

We are carrying out this exercise to make Plan pensions fairer and simpler. Although this might result in adjustments to benefits, most members will see no change to the overall actuarial value of their pension. For any members who do see a change, it is likely to be very small.  

We’ll send you a personal statement

There’s nothing you need to do. We’ll send you a personal statement once we have finished our calculations and worked out how we need to adjust benefits. You should receive this statement by summer 2026.

You can no longer respond to the consultation, as the consultation period has come to an end

In this video we summarise the main points about what we are doing.