The Pensions Powerbrokers

Last year, LCP launched ‘The Pensions Powerbrokers’ report, uncovering where Defined Benefit (DB) pension assets sit as the UK government looks to pensions to drive economic growth. The report found that fewer than 500 DB trustees control more than half of all DB assets. This year’s report reveals an even starker picture - in Defined Contribution (DC) pensions, power is ten times more concentrated, with the shift towards ‘mega‑funds’ set to intensify this further. Based on 15 in‑depth interviews with industry stakeholders, including trustees and providers of Master Trusts, the report explores...