DC megafunds – will they work?

Last year, Chancellor Rachel Reeves’ proposed a minimum £25bn default fund size requirement on providers, which would see smaller schemes merge with bigger players. TPT’s Philip Smith questions whether this forced consolidation of schemes would generate results, as it would require years of planning and coordination. The need for buyers to change their mindset from prioritising cost to value is vital, as well as ensuring that there are enough diverse investment opportunities available. What do these potential changes mean for trustees? What risks would this consolidation bring? Is there an...