#consolidation

#consolidation

Reforming workplace pensions through the lens of value for money and consolidation is to be applauded. Too often pension savers neglect old, poorer value pension products, or else forget about very small pots.

The recent wave of consolidation in the subservicing industry reflects the critical importance of scale and efficiency as servicing costs rise.

Consolidation is intended to streamline leadership and improve coordination across the organization's core divisions, which include capital, community development and housing solutions.

"With incentives from the government, incumbents have doubled down on their own efforts to deploy fiber-to-the-premises (FTTP), according to Neos, which has put the squeeze on many smaller operators."

The consolidation within GroupM indicates a shift towards centralized operations aimed at enhancing client engagement, despite claims that individual brand names will persist.