UK pension reform – the case for further consolidation

Argi Sampedro argues scheme scale will help managers implement better portfolios

clock • 10 min read
Argi Sampedro is ESG policy and regulatory strategist at Neuberger Berman
Image:

Argi Sampedro is ESG policy and regulatory strategist at Neuberger Berman

We believe the current fragmentation of the UK’s pension schemes, along with a focus on costs versus outcomes, leads to inefficiencies and missed opportunities for pension funds to invest in assets with high risk-adjusted returns. We therefore welcome the Pension Schemes Bill announced in July and further details on the government’s plans announced in the Mansion House speech and the subsequent two consultations which closed this week.

The oversight, cost, maintenance and management challenges facing smaller defined contribution (DC) and corporate defined benefit (DB) schemes hinder asset performance. Consolidation can reduce cos...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

SPP: Sizing up the DC market

SPP: Sizing up the DC market

David James looks at proposed changes to the DC pensions market in order to encourage scale

David James
clock 30 January 2025 • 3 min read
MPs vote for motion to provide compensation for Waspi women

MPs vote for motion to provide compensation for Waspi women

109 MPs backed SNP motion for government to consider findings of PHSO report

Martin Richmond
clock 30 January 2025 • 3 min read
Robin Ellison – How TPR might do its bit to boost UK economic growth

Robin Ellison – How TPR might do its bit to boost UK economic growth

PP’s regular columnist imagines how the regulator might improve national productivity

Robin Ellison
clock 29 January 2025 • 12 min read
Trustpilot