UK pension reform – the case for further consolidation

Argi Sampedro argues scheme scale will help managers implement better portfolios

clock • 10 min read
Argi Sampedro is ESG policy and regulatory strategist at Neuberger Berman
Image:

Argi Sampedro is ESG policy and regulatory strategist at Neuberger Berman

We believe the current fragmentation of the UK’s pension schemes, along with a focus on costs versus outcomes, leads to inefficiencies and missed opportunities for pension funds to invest in assets with high risk-adjusted returns. We therefore welcome the Pension Schemes Bill announced in July and further details on the government’s plans announced in the Mansion House speech and the subsequent two consultations which closed this week.

The oversight, cost, maintenance and management challenges facing smaller defined contribution (DC) and corporate defined benefit (DB) schemes hinder asset performance. Consolidation can reduce cos...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

DWP extends VfM consultation by two weeks

DWP extends VfM consultation by two weeks

Deadline for responses extended to 15 September

Martin Richmond
clock 12 August 2026 • 1 min read
How AI is driving more complex pension member complaints

How AI is driving more complex pension member complaints

Richard Bacon and Henry Day say there has been a step change in member requests and complaints

Richard Bacon and Henry Day
clock 07 August 2026 • 3 min read
ORA lessons from the first wave

ORA lessons from the first wave

Manjinder Basi and Lauren Shipman say initial concerns have proved largely misplaced

Manjinder Basi and Lauren Shipman
clock 30 July 2026 • 3 min read
Trustpilot