What is wrong with pensions? Too complex, too expensive, deficits too wide, members don't save enough, too much regulation, too many unscrupulous employers, too many lazy members, too much interference from politicians.
All, or some, of these might be among the answers people in the industry come up with. Many people would say: "Pensions are not sexy and never will be", which always makes me smile and slightly worry....
Joe McDonnell joins as head of portfolio solutions (EMEA)
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253 deals in 2018
Changing fund structure