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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NewsGerman pension sector weighs in on proposed IORP II overhaul
German industry, government and supervisors warn proposed IORP II changes risk undermining occupational pension provision
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NewsTalks to create Iceland’s biggest pension fund stall after number crunching
Pension Fund of Commerce and Birta Pension Fund say their boards have decided not to start formal merger talks ‘at this time’
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NewsLGPS pool hires former Brunel staff as Bristol office opens
Local Pensions Partnership Investments expands team and regional presence after onboarding six new partner funds and increasing AUM
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AnalysisIPE UK Briefing: Pensions Schemes Bill debate concludes
Plus: Tougher insurer capital rules; a £480bn powerhouse; a £450m direct lending mandate
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NewsPension reform drive gathers pace as Bill receives Royal Assent
Bill becomes law after long parliamentary battle, with key powers scaled back and implementation now crucial
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NewsDC consolidation raises fears over loss of governance voice, LCP warns
LCP warns DC consolidation concentrates pension power, risking weaker governance, reduced accountability and stakeholder influence
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NewsDutch pooled pension schemes HNPF and Stap to merge into €18bn fund
The duo plans to merge in 2027, creating a combined €18bn vehicle with more than 150,000 participants
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NewsNearly half of European assets now run by US managers
‘Europe is quietly losing control over how its capital is allocated’, warn observers
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AnalysisIPE DACH Briefing: Germany’s third-pillar shake-up draws new entrants to pension market
Plus: German Pensionskassen are looking to pool assets to access specialised investment strategies
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NewsStandard Life acquires Aegon to create £480bn powerhouse
Transaction establishes Standard Life as UK’s second largest workplace pensions platform by assets, adding £74bn assets under administration and 2.1 million customers
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AnalysisAsset pooling gains traction as German Pensionskassen consolidate
German Pensionskassen increasingly pool assets and consolidate as costs, regulation and structural pressures intensify
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NewsUK Lords back DC scale exemption in Pension Schemes Bill
Peers approve DC scale exemption, challenging UK consolidation push and reinforcing focus on member outcomes
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NewsSV SparkassenVersicherung moves into pension administration
SV SparkassenVersicherung invests in Heubeck pen@min to expand bAV capabilities as German pension reforms accelerate market shift
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NewsUK DC consolidation accelerates as regulator steps up pressure on small schemes
Latest data by The Pensions Regulator shows that number of DC pension funds has decreased by 15% to 790 in 2025
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NewsPensions UK conference: industry urged to prepare for sweeping reforms by 2030
UK pension funds urged to prepare for 2030 reforms as Value for Money rules, pooling and collective defined contribution advance
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Country ReportGermany’s fragmented pensions landscape heads towards consolidation
Berlin’s attempt to push mergers between pension funds has run into resistance from unions and members
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NewsUK pensions regulator urges small DC schemes to offer drawdown or merge
Small DC schemes risk consolidation as TPR urges them to offer in‑scheme drawdown for members
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NewsGerman pension consulting market consolidates amid reform and competition
The shift away from guarantees in private pension products is also expected to open the market to new competitors
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NewsUK industry warns of conflicts of interest around professional trustees
The consultation aiming to improve standards of pension scheme trusteeship, governance and administration closed today
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NewsGerman Spezialfonds custody market tightens as top banks deepen dominance
BNP Paribas, HSBC and JP Morgan together hold €1.19trn in Spezialfonds custody mandates, equating to just over 56% of the market, according to Kommalpha
