NEST’s members: targets for competitors?

NEST’s members: targets for competitors?

NEST was established in 2010 to support pensions auto-enrolment, a public sector provider which would ensure every employer could access a workplace pension scheme for their employees. However, for a scheme seen by industry as a backstop, it now has many members with...
DC workplace pensions: rising flows

DC workplace pensions: rising flows

NEST was established in 2010 to support pensions auto-enrolment, a public sector provider which would ensure every employer could access a workplace pension scheme for their employees. However, for a scheme seen by industry as a backstop, it now has many members with...
4 realistic ideas about pensions disengagement

4 realistic ideas about pensions disengagement

Member disengagement in workplace pensions is well documented; with similar issues evident in individual pensions, providers need to be smart but realistic in their communications strategy. Despite the recent focus on engagement issues within workplace DC pensions, it...
Sizing the DB transfer market

Sizing the DB transfer market

The DB transfer market has been a key new source of retail flows in recent years but is under considerable regulatory pressure. Although run rates are well off their peak, underlying dynamics mean that DB transfers should continue to play an important role in new...
UK wealth value chain is gradually contracting

UK wealth value chain is gradually contracting

Total fees paid by consumers have appeared stuck at ~200bps despite many changes in the industry in recent years. However, NMG data shows that prices in all key components of the value chain are falling. The UK wealth industry value chain has been resilient over the...
3 reasons why passive share may top out

3 reasons why passive share may top out

The upwards march of passive market share seems unstoppable. But there are reasons to think why, in some institutional segments at least, market-cap passive share may peak soon. 2018 was a tough year for active asset managers. Market volatility hurt profitability...