Pensions - Articles - Comment on sale of Axa's & BlackRock's pension platforms

 “Post freedom and choice we’re seeing a lot of change in the provider market. It will be interesting to see what impact this has both on pricing and the services and products offered to pension schemes. With the market in flux, schemes should monitor and conduct provider reviews regularly to see what innovations or pricing opportunities emerge.

 “An area where we expect to see more innovation is around ‘at retirement’ provision. The ‘at retirement’ market is still in relative infancy, but there’s a real need among those retiring for products that take them through accumulation into retirement more effectively. It will be interesting to see what comes on stream here, as well as how providers respond to the opportunity presented by the introduction of Lifetime ISAs (LISAs) for those at the earlier stages of the lifetime savings cycle.”