The £240bn liability-driven investment market is developing into an "oligopoly" with just three providers managing more than 80% of assets, research finds.
The 2011 KPMG LDI Survey, published today, revealed the number of providers dropped from 23 in 2007 to 15 in 2010, despite increasing demand from pension funds. The number offering pooled LDI solutions...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter