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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NewsFurther M&A activity expected in UK pension and risk transfer market
Three of the 11 insurers active in the bulk annuity market announced acquisitions by international insurers in 2025
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AnalysisLGPS reshuffle cuts pools from eight to six, but consolidation pressure persists
Around £108.7bn of assets under management was moved as a result of government-led consolidation
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Analysis8 million Dutch to see DB pensions converted to DC on 1 January 2026
The 23 pension funds to do so include €248bn healthcare scheme PFZW and PMT, the €86bn sector fund for the metals processing industry
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AnalysisHeads down at Sweden’s buffer funds for reform’s ‘intense’ endgame
With only a few days to go, AP funds use working groups and guidance from government special coordinators to pin down how assets should be transferred
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NewsGenerali scraps plans to create joint venture with Natixis Investment Managers
Generali and BPCE, Natixis IM’s owner, failed to reach a final agreement following a non-binding memorandum of understanding signed in January
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NewsWTW to acquire Cushon master trust
The acquisition adds £4bn in assets under management to WTW’s portfolio
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NewsSmart Pension adds £650m to AUM with pension trust bulk transfer
Smart Pension targets £10bn in AUM in the first half of 2026
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NewsDow unifies German pension plans with new auto-enrolment set up
New employees joining any German Dow site from this year are automatically enrolled on the Dow Pension Plan
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NewsAustrian VBV surpasses €10bn with IBM pensions deal
VBV has absorbed more than €1bn in assets and around 30,000 members from Austrian company pension funds over the past two decades
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NewsCommerzbank reshapes asset management in bid to drive further growth
The reorganisation involved the establishment of Commerz Real Capital as a new distribution company
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AnalysisIceland’s pension fund consolidation has further to go
Fewer pension funds mean more robust entities, but some diversity is good too, says LL chief
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NewsFrjálsi, Farmers’ Pension Fund emerge as latest Icelandic pensions fusion
Frjálsi Pension Fund set to boost its AUM to ISK622bn after signing letter of intent to merge with LSB
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NewsFrjálsi to merge with LTFÍ after unanimous member vote
In latest Icelandic pension fund merger to be approved by scheme members, fifth-largest provider Frjálsi to add 2% to total assets
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NewsSmart Pension buys £580m stakeholder fund, targets £10bn AUM by mid-2026
Smart UK’s CEO says master trust is on track to achieve a £10bn AUM milestone
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NewsAlmenni-Lifsverk to become Iceland’s fifth largest pension fund after vote
Brú and Akureyri pension funds receive confirmation of their merger from ministry
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NewsLocal Pensions Partnership’s assets to grow to £54bn as six new funds sign up
The formal process is expected to be completed by the government’s deadline of 31 March 2026
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NewsBVV expands DC offering as doubts grow over Germany’s pension reform
DC plans are gaining traction, says Marco Herrmann, chair of BVV, the pension provider for Germany’s financial sector
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NewsPhoenix eyes private capital deal to scale PRT business
The insurer has had ‘initial discussions regarding a potential third-party partnership’ to accelerate the growth of its pension risk transfer business
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AnalysisIPE Nordic Briefing: Pension fund consolidation in Iceland
Plus: Proposed changes to the investment rules for Icelandic pension funds; Disagreements over AP Funds’ merger
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NewsUK pensions minister rules out further forced LGPS consolidation
Torsten Bell confirmed there are ‘no plans’ to enforce further consolidation among UK Local Government Pension Schemes
