The UK pensions industry was once a sleeping giant, but that was never going to last. With a total worth of £1.7trn, spread amongst an estimated 5,400 defined benefit schemes, pensions remain the most common and significant employee benefit in the UK, representing more than 90% of total benefit spend.
These schemes provide the industry with a recurring annual revenue estimated at £2bn a year in fees for consulting and administrative services for another 40 to 50 years as they run to term. Unsurp...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date