Consolidators and superfunds | Feature


Let’s come together


Consolidators and superfunds offer an alternative endgame for DB scheme trustees, but, as Lynn Strongin Dodds explains, don’t expect to see too many transactions anytime soon.


As UK defined benefit (DB) pension funds move further along their de-risking jour- ney, there has been a buzz around the con- solidator and superfund model. Players and transactions are currently thin on the ground in these areas, although the field is expected to become more crowded over


time. In the short term, however, the lack of a legislative roadmap and track


record


could hamper growth. Consolidation is not a new theme in the pension world and has precedents in the Netherlands and Australia. They have appeared on the UK’s radar in the past two


Issue 87 | October 2019 | portfolio institutional | 43


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