We have entered a new paradigm for most UK DB pension schemes, accelerated by the events of 2022. There are several factors which validate why a new approach to investment advice is required.
Trustees overseeing relationships with a large number of asset managers is a cumbersome approach and costly, particularly as schemes approach their end game. For pension schemes with higher return requirements, turbulent markets mean agility is key. This has been a struggle under the traditional model. Innovation is paving the way for schemes of all sizes to access services previously thought out of reach.
Schemes need simple, robust advice aligned to their objectives. Trustees need a skill set which is broader than traditional investment consulting. The traditional model is already being replaced with a consolidated solution, which sits somewhere on the spectrum from either:
The OCIO model separates strategic investment advice from implementation. The FM model combines the two. Both can also take important factors like ESG into account.
Our depth of unbiased knowledge and independent expertise in the pension and asset management space brings a fresh take.
PwC has a deals mindset and a culture of solving problems, being flexible and not perpetuating the status quo.
Our objectives are aligned with yours, and we have helped schemes of all sizes achieve their goals.
