We are seeing the annuity market being reshaped before our eyes with astonishing speed. It is sometimes said that pension freedoms have destroyed the annuity market, but is this true?
Scheme fragmentation more stark in private sector than public
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September 13, 2015
Data Crunch: The appointment last month of Edi Truell as the London Mayor’s new adviser on pensions and investments is part of an initiative, we are told, to amalgamate some of the country’s numerous public sector pension funds.
Edi Truell will apparently advance the cause of pension consolidation across public sector pension funds.
You could say that this initiative is missing the point.
If you want to find candidates for amalgamation and cost sharing, you really need to look at the private sector.
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