All Consolidation articles – Page 3
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NewsWates Pension Fund transfers to consolidator Clara
Defined benefit (DB) pension scheme consolidator Clara-Pensions has completed its third transaction, taking on the £210m Wates Pension Fund.
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FeaturesOutlook 2025: ‘Fit for the future’ consultation looms for LGPS funds
Change is afoot for the Local Government Pension Scheme, with consolidation plans from government and demand for more UK-focused investment. What will the next year bring?
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FeaturesOutlook 2025: New insurers set to make waves in busy DB market
From an evolving bulk annuity market to debates over the use of pension scheme surpluses, next year looks set to be as busy as ever for the defined benefit sector, writes Alex Janiaud.
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FeaturesDC master trusts: A consolidation conundrum
Consolidation has been one of the key themes of 2024. With the government determined to create defined contribution (DC) “megafunds”, there are many potential benefits and challenges of merging master trust, as Alex Janiaud reports.
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NewsPLSA leads engagement efforts over megafunds plans
UK pension schemes are seeking to engage positively with the government over plans to supercharge consolidation and increase investment in domestic assets.
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NewsSuperfunds trump insurers for schemes exiting PPF assessment
Consolidators could be a more popular future path for DB pension schemes seeking to exit the PPF’s assessment process, according to a survey.
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NewsTPR moving towards prudential regulatory approach
The regulator intends to move to a more prudential style of regulation as pension schemes grow larger and the government encourages consolidation.
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FeaturesScheme consolidation: Lessons from the Netherlands
As the government sets its sights on creating pension “megafunds” in the public and private sectors, Pensions Expert takes a look across the North Sea to a country that has already taken a similar path.
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OpinionEditor’s notes: Mega challenges to get to megafunds
Are the “biggest set of reforms to the pensions market in decades” the right path for the government to pursue? Pensions Expert editor Nick Reeve looks into some of the detail of the consultations announced last week.
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NewsHow the government plans to scale up DC schemes
The first consultation emanating from the Pensions Review asks whether DC schemes should have a minimum size or a minimum number of default options, and seeks feedback on how to streamline mergers.
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NewsReeves to set out vision for DC ‘megafunds’
The government wants to hasten the consolidation of defined contribution (DC) schemes to realise economies of scale, increase domestic investment and improve governance standards.
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NewsGovernment plots LGPS consolidation through Pension Schemes Bill
Chancellor Rachel Reeves has announced plans to merge local authority pension funds into a “handful of megafunds” to boost their capacity to invest in infrastructure and local assets.
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NewsIs bigger really better? Industry reacts to ‘megafunds’ plan
Chancellor Rachel Reeves has been urged to support trustees’ fiduciary duty and ensure there are sufficient UK assets for her planned “megafunds” to invest in.
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NewsLGPS consolidation: Warning over loss of investment autonomy
With the chancellor set to announce plans to accelerate consolidation among local government pensions, industry commentators say care should be taken to secure progress already made.
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NewsWhat the LGPS expects from the Mansion House speech
Pensions Expert’s sister publication LAPF Investments surveyed members of the LGPS community to gauge expectations ahead of Rachel Reeves’ Mansion House speech.
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NewsOpperman: Consolidation needs to be harder, better, faster, stronger
Former pensions minister Guy Opperman has called for workplace pensions consolidation to be accelerated and extended to include commercial providers and even regulators.
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NewsPension and decumulation complaints rise by 27% in 18 months
Some industry figures question whether consolidation is working, as the FCA publishes complaints data.
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OpinionLessons from the DC Future Book
Shantel Okello of the Pensions Policy Institute explores how the DC market has evolved over the past decade and looks forward to what it may look like in another 10 years’ time.
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OpinionWhy the LGPS doesn’t need to be forced to buy UK
Rachel Reeves is considering a “Canadian” model for local government pensions investment. GLIL’s Ted Frith supports the idea of galvanising UK infrastructure investment but argues that the mechanism to achieve this already exists.
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OpinionConsolidation is not a silver bullet for UK growth
The PLSA’s Nigel Peaple explains how a rounded, considered approach to pension investment will help achieve the government’s aims.