KGA - Governing administration in a consolidated market

KGA - Governing administration in a consolidated market

• 1.
  Governing Administration in a ConsolidatedMarket What 16 years of market change tells us about governance and resilience
• 2.
  Consolidation has been persistent, notcyclical Acquisitions, exits & reconfiguration have been a constant feature since 2009 New entrants have emerged from disruption, not greenfield growth
• 3.
  Risk hasn’t disappeared, it’s concentrated Fewerproviders Larger books of business Shared platforms, people & transition capacity
• 4.
  Administration now behaves like shared infrastructure Changein one part of the system can have indirect effects elsewhere Stability during ‘quiet periods’ can mask underlying dependencies
• 5.
  This series explores what thismeans in practice Trustee governance Administrator behaviour Industry resilience
• 6.
  Part 1: The MarketLandscape Read the full article Coming next: Part 2 - Why Stability Is Not Scale Trustee governance in a consolidated administration market