Pensions M&A advisory
With over £2.3 trillion in liabilities, UK defined benefit (DB) pension schemes remain a provider of pension benefits to a large proportion of the UK population. These schemes are complex to run, with advice and support required from a wide range of professionals and providers including legal, corporate finance, actuarial, investment, administration, governance, data specialists and many more.
Opportunities for investors
The past decade has seen tighter regulatory scrutiny and governance requirements fuel greater demand for these services, as well as a wave of new investments (including transactions that we have advised on). There has been substantial M&A activity and other, more general interest in the pensions industry, including public offerings, private equity acquisitions and spin-outs. With so many different types of firms operating in the industry, there are plenty of opportunities for a potential investor to enter the market, for example, by further consolidating existing providers, by expanding service offerings and by opting for creative technological disruption.
We believe that there are opportunities in the short-to-medium term centre for consolidation and integration among service providers in the industry.