Insight
Title:
The market is consolidating
Description:

See also: Insight - The adviser platform market is consolidating

Pensions Schemes: the tabling of the general code will increase the regulatory burden and will especially impact the smallest schemes, many of which will have adopted a proportionate approach to governance and are now likely facing the largest hurdles.

Pensions Master Trusts: For example, Smart Pension has acquired the Ensign Master Trust, consolidating it into the Smart Pension Master Trust. (Source: Smart Pension consolidates the Ensign Master Trust published 02/11/2022)

A new VfM framework is being considered which:

  1. will force underperforming DC schemes to close to new business in order to
  2. drive consolidation in order to achieve
    1. better governance and
    2. more investment in illiquids. (Source: New VfM framework targets ‘poor performers’ for consolidation – mallowstreet)

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