UK - Pension providers will increasingly outsource third-party administration predicts management consultant Winchester White.
So far this year Barclays, Sun Life Financial of Canada and Lincoln Financial have all signed deals with Liberata, MSG and Capita respectively.
Winchester White anticipates that another six to seven similar contracts will be signed over the next three years due to both the high cost of distribution and 1% fee limits.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.