Consolidation of DB schemes is a subject that’s been gaining momentum and increasing amounts of attention. Due to high profile scheme failures and headlines about the plight of members, the prevailing view is that the DB market, particularly for small schemes, could function better if the inter-related factors of scale, poor governance and high costs are tackled.
With the DWP White Paper on the sustainability of DB pensions due this year, and with the Regulator’s increasing focus on smaller scheme governance, we’re unlikely to see interest in consolidation abate any time soon. Instead, we’re likely to see it ramp up.
Download our paper on the different flavours of consolidation available and how they can help DB schemes.
To help you make sense of and get a better understanding of the market, we're producing a series of blogs that will look at all aspects of the consolidation debate: from why legislative change isn’t necessary to see more schemes go down this route; why it’s not just a small scheme issue; a look at all the different flavours of consolidation in existence and development; as well as lessons to be learned from other countries further down the consolidation road.
We have a great line up of external contributors, along with our own, to give you a breadth of viewpoints and insight, helping you understand what, if any, type of consolidation could be right for your scheme. What’s right for any scheme depends on its individual circumstances.
Kicking-off with Patrick Bloomfield, one of our Partners, we tackle the misconception that legislative change is needed to see more consolidation. You can read his blog here, we hope you enjoy. Please join the debate, leave comments and let us know if you have any questions.
We're producing a series of blogs to look at all aspects of the consolidation debate. Our great line up of external contributors, along with our own experts, will give a breadth of viewpoints and insights to help you understand what, if any, type of consolidation could be right for your scheme.
In this paper, we seek to highlight some of the main forms of consolidation and how they can help DB schemes. We hope to encourage positive debate, leading to better outcomes over the coming decade than we have seen in the past.