More sponsors in U.K. embrace outsourcing

Multiemployer providers see influx as plan trustees move to cut costs, meet regulations Multiemployer plan providers in the U.K. are winning more defined contribution business as sponsoring employers have been more decisive about outsourcing under the pandemic-induced lockdown. The heightened interest comes as U.K. employers were already increasingly considering outsourcing plan assets to multiemployer plans, known in the U.K. as master trusts, to cut costs at a time when the government has been increasing trustee duties and decreasing support....