Pensions watchdog in strategic shift following government push for ‘megafunds’

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Financial Times 11h ago

Pensions watchdog in strategic shift following government push for ‘megafunds’ - Financial Times

Quick Summary:

She added that the watchdog would now focus on “addressing risks not just at an individual scheme level, but also those risks which could impact the wider financial ecosystem”.

The regulator is concerned that where professional trustee firms offer a wider range of services — such as project management, communications services, procurement, data services, and fiduciary management — there could be conflicts of interest.

Delfas said TPR estimated that the reforms would push four master trusts to have “well over £100bn” of assets in the next decade on a consolidated basis, and three other schemes to have over £50bn.