UK - The DC solutions market should prepare for a major shake-up this year, according to Hewitt Bacon & Woodrow.
Principal consultant Lee Jagger said traditional providers are ready to pull out of the DC market and refocus resources on other business areas, including merger activity.
Mercer Human Resource Consulting European agreed the market has dried up for tailored solutions and fund managers are about to take advantage of this trend.
Partner Kevin Stratford said: “Fund managers that have recognised the potential of bundled services have come into the market to pick up this type of business.”
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.