Pensions 'premier league' to dominate as some life cos disappear - report

The retirement reforms introduced in April plus far-reaching regulatory changes, as well as the emergence of new providers in the auto-enrolment space, are threatening to transform the industry, a Pensions Institute study seen by the Financial Times concludes. The report predicts that, between 2016 and 2020, assets held in workplace pension schemes for auto-enrolled workers, and managed by some life companies, would increase from £280bn to £550bn. But it concluded that, by the end of that period, the number of players in the private sector pensions market would drop from about 80, inc...