Industry says clearer definitions needed ahead of DC consolidation

A panel of experts look at the benefits and drawbacks of DC consolidation

Holly Roach
clock • 5 min read
Top row L-R: Sackers' Andy Lewis, Smart's Jamie Fiveash. Bottom row L-R: L&G's Jesal Mistry, Scottish Widows' Pete Glancy, SEI's Steve Charlton
Image:

Top row L-R: Sackers' Andy Lewis, Smart's Jamie Fiveash. Bottom row L-R: L&G's Jesal Mistry, Scottish Widows' Pete Glancy, SEI's Steve Charlton

Clearer definitions are needed before consolidation of the defined contribution (DC) market can take place, industry experts say.

Last year, chancellor Rachel Reeves' delivered her inaugural Mansion House speech and made several proposals for the pensions sector, including consolidation of DC funds into ‘megafunds' in a bid t...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

TPR publishes annual DB funding statement

TPR publishes annual DB funding statement

First statement published under new DB Funding Code

Holly Roach
clock 29 April 2025 • 4 min read
News Digest: Ministers threaten new pensions law if funds fail to honour UK investment pledge

News Digest: Ministers threaten new pensions law if funds fail to honour UK investment pledge

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 29 April 2025 • 1 min read
Why experienced trustees are critical to the future of UK pension schemes

Why experienced trustees are critical to the future of UK pension schemes

Bobby Riddaway says the future requires more than just compliance

Bobby Riddaway
clock 28 April 2025 • 3 min read
Trustpilot