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Butcher: At some point, consolidation has got to come to a halt, so the question is 'when?'
Defined contribution (DC) scheme consolidation could be undone as diseconomies of scale begin to emerge, says PTL managing director Richard Butcher.
Big employers that opted for master trusts for members' DC entitlements could soon find that the volume of assets being looked after on behalf of their employees has grown significantly and could be better...
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