All Consolidation articles
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NewsRoyal Mail transfers £2.5bn DC fund to Legal & General Mastertrust
The arrangement involves almost 100,000 members and is the biggest single transfer to a master trust yet completed in the UK’s defined contribution market.
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OpinionPeople’s Pension: What kind of institution are we building?
Dan Mikulskis, chief investment officer at People’s Pension, explores key qualities of successful large asset owners from the master trust’s own research, as UK institutions continue to seek scale and greater investment capabilities.
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NewsRegulator gives green light to TPT to launch superfund
TPT has secured investment capital to back between £1bn and £1.5bn worth of transactions, and said it was already in discussions with “a growing number of schemes”.
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NewsSuperfund sector set to ‘take off’ as Clara onboards six schemes in unique deal
Following four deals announced this year, Clara-Pensions’ assets under management are now in the region of £2.5bn as consultants predict “exponential growth” for the superfund sector.
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NewsArco Group Pension Scheme agrees to transfer to Clara superfund during M&A
Clara and Arco announce landmark agreement
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OpinionBeyond the workplace: Mapping the changing DC pensions market
With the defined contribution sector facing profound changes, the Pensions Policy Institute’s Shantel Okello explains how the organisation’s latest research aims to capture as big a picture of the landscape as possible.
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In DepthIn Depth: Pensions UK’s responses to crucial consultations as reform takes shape
With a trio of crucial consultations concluding this month, Nick Reeve explores what the pensions industry’s trade association is lobbying for and how it hopes to shape major reforms.
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NewsScale expectations must be grounded in reality, industry says
The government’s aim to create £25bn defined contribution “megafunds” needs more flexibility and to reflect how assets are invested and governed in practice, according to responses to its latest consultation.
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NewsScale test could ‘paralyse’ industry and hamper innovation, government warned
“Waiting until late 2027 for draft regulations leaves the industry in limbo, threatening to stall vital investment and stifle innovation at a time when providers should be preparing for 2030,” says the SPP’s Chris Austin.
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ArticleScale and consolidation: Finessing the detail of the £25bn target
The government has sought to provide more clarity on elements of its scale and consolidation plans ahead of a full consultation next year.
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In DepthIn Depth: Inside the government’s pensions policy bonanza
From Value for Money to surplus release via scale and consolidation discussions and levy arguments, Monday’s roadmap announcement has given the pensions industry a lot to think about.
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NewsDC consolidation: Four providers hold 70% of assets, study finds
As the government pushes forward with its £25bn scale requirement for DC schemes, new research shows that the sector is already dominated by a small number of providers.
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NewsGovernment pushes back VfM, guided retirement deadlines in ‘roadmap’ shift
Pensions minister Torsten Bell has announced changes to the “sequencing” of pension reforms to support the implementation of developments related to Value for Money, guided retirement, and superfunds.
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NewsA blueprint for megafunds: How consolidation will shape the future of DC pensions
The drive towards “fewer, larger pension schemes” being driven by the Pension Schemes Act could boost individual pension pots by up to 20% if executed well, according to new research by WPI Economics and Standard Life.
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NewsTorsten Bell on the growth of DC, improving adequacy, and tackling fraud
Addressing delegates at the Pensions Management Institute’s annual conference in London last week, Bell outlined five major trends affecting the pensions sector.
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NewsThe £25bn question: TPR report casts doubt on benefits of scale
New research from the Pensions Regulator indicates that scaling up defined contribution pension schemes will not bring guaranteed economies of scale.
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NewsRegulator gives green light to WTW’s Cushon acquisition
WTW now owns two defined contribution master trusts serving the UK market, with Cushon now sitting alongside its existing LifeSight offering.
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NewsPension Schemes Bill finalised: Industry hails ‘historic moment’ despite spectre of mandation
The Pension Schemes Bill has been finalised after protracted debates between legislators, and will now move to receive Royal Assent. Pensions Expert rounds up some of the industry reaction across the various elements of the new legislation.
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NewsPeers urge rethink on scale test to preserve innovation and competition
Members of the House of Lords have warned that the legislation backing the scale test is too restrictive and could stifle innovation among DC providers.
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NewsLords push back on ‘poisonous’ mandation in Pension Schemes Bill debate
In a debate last night (20 April), peers voted to reject the government’s revised wording of the reserve power, despite attempts from Labour representatives to reassure opponents about the measures.