Member

Amendment 77 does not consider what a future, rather than the current, landscape could look like and what it could deliver. Schemes at scale will have the means to deliver member outcomes in a way that smaller schemes will not, because scale enables greater expertise, efficiencies and buying power. The benefits of scale are wide-ranging. It is not as simple as isolating and trading off known pros and cons of individual consolidation decisions; the scale measures will reshape the whole market for the good of members, and the benefits from that broad restructuring will be delivered long into the future.