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The consolidation framework laid out in the Pension Schemes Bill could risk reinforcing the status quo, New Capital Consensus director, Ashok Gupta, has warned, arguing that scale alone will not redirect pension capital into the UK economy.

The bill, which is currently progressing through the House of Lords (HoL) committee stage, sets out a framework to encourage consolidation across the pensions market, alongside measures to improve value for money and support productive finance








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