Consolidation
In-depth reporting on consolidation within the pensions and investments industry for our pension fund and asset management readers from IPE’s award-winning journalists
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AnalysisIPE Nordic Briefing: Norway’s NBIM eyes massive bonds cut
Plus: Pension fund consolidation in Iceland; Sweden’s AP2 beats AP3 and AP4 on half-year returns
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NewsUK pensions industry urges rethink of general levy as costs rise
Pensions UK warns proposed levy increases could undermine consolidation, member outcomes and value-for-money assessments across pension funds
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AnalysisUK pensions industry backs scale drive but warns against rigid rules
Government plans to launch formal consultation on scale policy in the second half of 2027
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NewsGildi and Festa merger creates second largest Icelandic pension fund
Merged pension fund would have almost as many assets as number one fund LSR, and nearly six times the number of participants
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News‘Considerable’ progress on consolidation in Ireland expected this year
As at 1 July 2026, 93% of occupational scheme assets were held in master trusts or single employer pension funds that plan to continue as standalone schemes
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NewsTPT launches CDC modelling capability ahead of multi-employer scheme
The launch comes as TPT prepares to bring its multi-employer CDC scheme to market
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AnalysisGermany’s 122 Pensionskassen explore strategic options as pressure to consolidate mounts
Ideas under discussion include mergers, transfer of pension portfolios, shared platforms for administration and outsourcing administrative functions
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AnalysisQuick decision on Almenni’s second merger underlines Iceland’s pension fusion culture
‘The accumulated experience makes it faster and less resource-intensive to assess and carry out the next round of mergers,’ says academic
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NewsPGIM expands direct lending platform with Deerpath buyout
Deal brings Deerpath fully into PGIM, expanding direct lending capabilities across lower, middle and large-cap markets
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NewsGerman pension funds drawn into scrutiny over withholding tax fraud investigations
BaFin survey and court proceedings keep pension funds in focus as Germany pursues withholding tax fraud claims
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AnalysisIPE DACH Briefing: Germany’s pension overhaul marks shift towards funded retirement
In the second pillar, industry experts are urging social partners to discuss ways to expand defined contribution pensions, including through auto-enrolment
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NewsOAK BV seeks stronger powers as Swiss pension fund consolidation gathers pace
Swiss supervisor proposes legal reforms to strengthen oversight as consolidation reshapes the country’s occupational pension landscape
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Asset Class ReportsUnderdogs no more: Investors see opportunities in European bank credit
Investors are eyeing selective, liquid opportunities in European bank credit as an alternative to private lending
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AnalysisIPE Nordic Briefing: ATP expert review backs strategy but flags reputational risks
Plus: Alecta appoints CEO; Iceland merger talks lead Nordic pensions news
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AnalysisAsset owner July insights: policy debates and defensive shifts
Read what topped the agenda of the European pension fund community over the past month, from regulation around private markets, to asset allocation decisions to manage market concentration risks
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NewsUBS proposes overhaul of Swiss pension system with fully funded first pillar
A proposed overhaul of Switzerland’s pension system has sparked debate over funding, member choice and transition costs
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Special ReportIndustry perspective: Asset managers face winds of change
A new phase is emerging, driven by digital distribution, direct-to-consumer models and a large intergenerational transfer of wealth
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Special ReportBoutique asset managers: The hidden cost of scale
Consolidation within the asset management world continues apace, but what are the constraints?
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NewsMRH Trowe creates pensions holding company after Lurse, Heubeck acquisitions
German consultancy consolidates pensions, benefits and actuarial businesses as competition intensifies in advisory market
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NewsIceland’s Gildi and Festa strike up merger talks
Boards say the two pension funds are clearly similar in nature and structure, including very similar rights system and articles of association
