Index: bp-core/bp-core-update.php
===================================================================
--- bp-core/bp-core-update.php
+++ bp-core/bp-core-update.php
@@ -186,7 +186,13 @@ function bp_version_updater() {
 	// Get the raw database version
 	$raw_db_version = (int) bp_get_db_version_raw();
 
-	$default_components = apply_filters( 'bp_new_install_default_components', array( 'activity' => 1, 'members' => 1, 'xprofile' => 1, ) );
+	$default_components = apply_filters( 'bp_new_install_default_components', array(
+		'activity' => 1,
+		'members'  => 1,
+		'settings' => 1,
+		'xprofile' => 1
+	) );
+
 	require_once( BP_PLUGIN_DIR . '/bp-core/admin/bp-core-schema.php' );
 
 	// Install BP schema and activate only Activity and XProfile