Posts by TeresaBarry@mas.to
 (DIR) Post #Ac1oUR2AIzDeh7T1UG by TeresaBarry@mas.to
       2023-11-21T09:44:57Z
       
       0 likes, 0 repeats
       
       @ChrisMayLA6 My understanding is this works in Australia because there are only about half a dozen pension funds, which are tightly regulated (I'm relying heavily here on research from PPI, because I've done very little of my own). I'm not sure that it would work quite so well in a more fragmented market, which is what we have in the UK, and this is behind the push to consolidate pension schemes - fair enough. But the argument that large schemes are better than small ones seems based in anecdata
       
 (DIR) Post #Ac1oURxarT9lZEKt04 by TeresaBarry@mas.to
       2023-11-21T09:47:06Z
       
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       @ChrisMayLA6 and whilst it may indeed be the case, there doesn't seem to be a lot of thought given to the costs of consolidating pension schemes into half a dozen or so very large schemes, nor on what risks there might be in having a pension scheme that is "too large to fail", leading to problems similar to those in the banking sector in 2008