Tue Oct 9 BST (about 3 years ago)
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Consolidation was a central theme within the government's white paper, Protecting Defined Benefit Pension Schemes, which was published in March this year.
The government says that, on average, small- and medium- sized schemes are more likely to have higher administrative costs and are more likely to fail to meet the governance standards expected by the Pensions Regulator. It argues that consolidation could help schemes benefit from reduced scheme running costs per member and improve the effectiveness of both investment strategies and governance.
Partner, Hogan Lovells
Head of Direct Distribution, TPT Retirement Solutions
Chief Investment Officer, TPT Retirement Solutions
Deputy Editor, Professional Pensions
• TPT Retirement Solutions