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