Consolidation – Page 4
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NewsUK pensions industry told to prepare for consolidation
Industry experts expect to see a significant amount of consolidation in the market by 2035
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NewsLGPS consultation did not deliver expected clarity, PLSA conference hears
‘The government wants us to accelerate and then collaborate and ultimately we then consolidate. That’s the message we’re getting,’ says PLSA local authority committee chair
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NewsDefault consolidator model for small pots could create ‘virtuous circle’
In order to solve the ‘anxiety’ around small pots the best place to start is with a default consolidator model, says NEST’s Zoe Alexander
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News68% of Irish DC schemes plan to wind up and transfer to alternative arrangement
Many schemes are moving their pensions into multi-employer mastertrusts or personal retirement savings accounts
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NewsPension SuperFund Capital acquires STM group for £35.6m
Edi Truell believes ‘our track record and stewardship will enable us to provide increased security and value-for-money benefits to members, while also helping to deliver the upside that the Mansion House reforms intend’
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NewsPension industry warns of unintended consequences of LGPS pooling proposal
Isio suggests pools should be reformed before pooling mandate is enforced
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NewsFINMA defines key team to supervise new UBS bank
Dedicated team to supervise UBS after takeover of Credit Suisse will focus on capital, liquidity, risk management
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NewsPPF would take 18 years to consolidate smallest UK DB schemes, says WTW
Crucial changes to the shape of benefits will present a ‘significant hurdle’ for trustees, if their consent is required for any consolidation
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NewsPPF ‘well placed’ to take on public sector consolidator role
‘The public sector consolidator option could substantially deliver against the government’s objectives,’ says PPF chief
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AnalysisAnalysis: Is consolidation for UK small pension pots too complex?
The proposed creation of a public sector consolidator could open up de-risking opportunities for smaller schemes, says Broadstone
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Special ReportUK: Encouraging UK growth through consolidation
The UK government is pursuing plans to leverage pension assets to boost economic growth while generating best returns for members
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NewsDenmark’s AkademikerPension welcomes overtures from architects
PAD members favour AkademikerPension’s record on climate and the scheme is considering ditching its current investment provider Sampension
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NewsDACH roundup: FCA gives go-ahead for GAM takeover by Liontrust
Plus: Universal Investment starts US equity fund with Montrusco Bolton; Ecclesia buys Pension Solution Group -
NewsUK master trusts expected to be slashed to 10 amid market consolidation
Recent master trust acquisitions include National Pension Trust by SEI, and of Evolve Pensions by Smart Pension
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NewsSEI acquires National Pensions Trust for £42.5m
The total combined assets of NPT and SEI Master Trust will be approximately £3.4bn
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NewsValue over cost, says new UK pensions regulator chief
’Our position is clear: no saver should be in a poorly performing scheme that doesn’t offer value for money,’ says Nausicaa Delfas
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NewsUK roundup: Brunel updates climate policy following review
Plus: Smart Pension reaches £3bn in total assets amid market consolidation; Timpson pension fund signs buy-in deal with Just Group
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Country ReportUK: Is it too soon to reform pension pools?
In his March 2023 Budget, UK chancellor Jeremy Hunt challenged the Local Government Pension Schemes (LGPS) in England and Wales to “move further and faster on consolidating assets”, proposing that LGPS funds transfer all listed assets into their pools by March 2025.
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NewsAlecta makes positive return in Q1 despite US bank losses
Financial position deteriorated between January and March but still good, says troubled Swedish pensions firm
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NewsSwiss schemes limit losses from Credit Suisse downfall through diversification, risk monitoring
Publica has refused to approve the decisions of Credit Suisse’s board of directors at every AGM since 2016
