Consolidation leads five-year expected industry trends, PLSA finds


Consolidation across defined benefit (DB) and defined contribution (DC) schemes is the most-anticipated trend for the UK pensions industry over the next five years, the Pensions and Lifetime Savings Association (PLSA) has found.

Data collated for the trade body’s Facing the Future: UK Workplace Pension Schemes Survey – released today (12 October) to mark the start of its annual conference – also highlights climate change, the use of technology, and saver engagement as key future trends for the industry.

The PLSA conducted 129 interviews with member organisations representing a wide range of scheme type and size, while IFF Research also gathered the views of C-suites, trustee chairs, consultants, directors, heads of pensions, and pension managers.

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