The general consensus of a consolidated DC market is that it is a good idea. After all it should bring economies of scale and reduced risk. However are there disadvantages too? Are there any unintended consequences?
This was the first time I had ever been treated to a chorus of “Happy Birthday” as I took to the podium. Now I had to live up to that rousing start. And you may think that talking about pensions was not the way to do it.