The DWP is consulting on the draft Occupational Pension Schemes (Contracting-out and Modification of Schemes)(Amendment) Regulations 2012 which propose increases to fixed-rate revaluation of guaranteed minimum pensions (GMPs) for those who become deferred members on or after 6 April 2012. The proposal is to increase the annual percentage from 4% to 4.75% for the period 6 April 2012 to 5 April 2017. Consultation closes on 6 November 2011 and comments can be e-mailed to the DWP at: ContractingOut@dwp.gsi.gov.uk For the consultation document itself, go to: www.dwp.gov.uk/docs/occ-pen-contracting-out-and-modification-regs-consultation.pdf