Consolidating pension funds has its pros and cons but the investment office could benefit the most.
Denmark, the Netherlands and Australia, the top three countries in the Melbourne Mercer Global Pension index 2017, which measures sustainability of retirement schemes, all have a relatively small number of large pension funds. Is this coincidence or is the consolidated nature of their pension industries the reason these countries occupy the top slots?
Key points
- The leading countries in the Melbourne Mercer Global Pension index 2017 have fewer but larger pension funds
- Consolidation in the UK has been minimal, in stark contrast to the 75% reduction in schemes in the Netherlands
- Admin savings are obvious but investment consolidation could bring about the greatest benefits
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