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In the debate over pension schemes, cutting costs should be the easy bit
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fnlondon.comIn the increasingly fractious debate about the UK’s final salary pension schemes, there is broad agreement on one thing: it would be better if the proliferation of schemes was consolidated into a few, big funds.
Reformers say that would allow schemes to reduce costs through economies of scale and better bargaining power over fees. Some fans of such consolidation, which include senior politicians across the political spectrum, say it would also mean funds could invest more in UK equities and illiquid assets such as infrastructure...
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