Michael O'Higgins
Michael O’Higgins
Thought Leader in the process of consolidation. As a former chair of both the Audit Commission and The Pensions Regulator, Mr O’Higgins’ professional experience is relevant to running the £13bn pool but he adds: “I’ve believed for a long time that [pooling] is the right thing to do”.
“When I was at TPR, we had data that made it quite clear that pools or larger funds tended to have lower costs and better performance. It’s not a universal rule but on average bigger funds were better governed and had lower costs and better returns.”
