Tag Archives: consolidation

So how’s DC consolidation actually going?

  The Pensions Regulator has published its 2022 to 202 DC trust: scheme return data  The two key images are the chart and table below. They talk to the consistent picture we have seen since this research and analysis began … Continue reading

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Could DC consolidation cause a fresh pension crisis?

    In this blog I argue that DC has its own version of LDI which is still embedded in many occupational DC schemes. Transferring out of these schemes risks crystallising losses for savers – akin to “losing the LDI … Continue reading

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Implacably opposed to SIPPs?

My last meeting of the year was with a SIPP provider. We discussed the performance of the funds it offered, the value it had offered for the money it had garnered (mainly by combining pension pots built up in the … Continue reading

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Most workplace pensions are great – but DWP’s right to search the weeds

  The DWP is reporting that most employers don’t shift workplace pensions. Tom Higgins and Alex Janiaud report in FT Advisor Employers mainly considered time and financial resource, the reputation and security of a scheme, value for members and advice … Continue reading

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Scheme consolidation? You ain’t seen nothing yet!

Speaking with Aussie legend Nick Sherry, I asked him why he was merging the Transport Workers Super with a much larger scheme “The optimum size of a Super is around $20bn AUS”, said the former minister, TWU is at about … Continue reading

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Should employers be underwriting tomorrow’s pensions?

  I have been thinking about the bigger picture this week as AgeWage and Pension PlayPen prepare to host our event on value for money on Friday. The big idea behind AgeWage is that people want pensions and not pots. … Continue reading

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How can we improve member outcomes if we can’t measure them?

The DWP links its campaign to consolidate small DC pension schemes to the headline “improving member outcomes”. But what is a good member outcome and how is it measured? The only measure I know of, that captures the value savers … Continue reading

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What is consolidation doing to DC contribution rates? WTW’s surprising results!

FTSE 350 Defined Contribution Pension Survey 2020 https://t.co/iD5kcNLMfR via @WTW_uk — Henry Tapper (@henryhtapper) July 13, 2021 The collapse in confidence among small pension schemes gathers pace as Corporate Adviser reports. Two-thirds of employers who currently run their own trust-based … Continue reading

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Where are these 1200 schemes to be consolidated?

When it comes to poor practice  “sunlight is the best disinfectant”. But the sun never shines on the whereabouts of occupational DC schemes, which are supposed to run their own websites for the benefit of all, but whose whereabouts on … Continue reading

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“Further and faster”- the white heat of pension consolidation.

UK to go “further and faster” with workplace #pension consolidation push. https://t.co/5uM7o0mgHN via @financialtimes — Josephine Cumbo (@JosephineCumbo) June 22, 2021 Yesterday, I wrote about the immediate impact of the DWP’s regulations on consolidation of occupational DC plans, today I’m … Continue reading

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