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Christian Kent is managing director at Houlihan Lokey
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...
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