We need bigger, better pension funds delivering better returns to savers and stronger growth for Britain. A key plank of our pension reform agenda is accelerating the consolidation of pension schemes into £25bn+ ‘mega funds’ https://www.bbc.co.uk/news/articles/cjrn0rz2dpgo
Comments
It just sounds like "others are doing it we must too" thinking.
What we need is total economic reform. Current economics is the driving force of endless problems.
It has been apparent for many years that the large financial entities such as Blackrock have considerable power but wield it to the benefit of the very rich.
The large private pension funds are a major benefit to the financial services sector.