Defined contribution
In-depth reporting on defined benefit (DB) pensions for our pension fund and asset management readers from IPE’s award-winning journalists
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NewsPension Schemes Bill debate in House of Lords highlights scale mandate concerns
Members of the House of Lords question £25bn scale requirement, arguing that compulsion could stifle innovation
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NewsDutch government criticises IORP reform proposals
Some of the proposed reforms, such as the obligation to explain underperformance, are too prescriptive, according to the government
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NewsDutch frontrunner pension funds award increases below inflation
The five Dutch pension funds that converted DB accruals to DC in the first half of 2025 will increase pensions between 0.6% and 2.7% this year
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NewsDutch pensions’ DC switch spurs swap market jitters
Sprenkels warns that volatility could still emerge if multiple funds decide to reduce their interest rate hedges simultaneously
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NewsForward-looking metrics, four-point ratings system in new UK value for money proposals
Proposals are now formally also aimed at occupational trust-based pension schemes
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NewsVisma Idella quits Dutch pension admin
Arno IJmker of consultancy firm Eraneos says Visma Idella’s timing for decision to wind down its pension administration business is a ‘strange move’
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NewsAon: Dutch pensioners see 13.6% pension rise in new DC arrangement
The one-off increases are due to the conversion of defined benefit accruals to defined contribution capitals as of 1 January
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NewsSocial partner DC pensions edge forward in Germany despite reform doubts
Germany’s social partner DC pensions expand steadily, offering employees security despite lingering doubts over recent reforms
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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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NewsUK pensions regulator paves way for multi-employer CDC
TPR’s Nausicaa Delfas says the regulator is ‘determined to help turn a savings system into a pension system which provides a sustainable income through later life’
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NewsFinnish pensions reform to deliver twice the public finance boost it targeted
Pensions lobby TELA says ‘strongly supports’” approval of the bill
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NewsAegon UK to extend private markets approach to £12bn LifePath default
The move is part of Aegon UK’s roadmap to align its Universal Balanced Collection and Aegon LifePath workplace default strategies
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NewsLufthansa plans buyout take-off abroad to ease balance sheet turbulence
Airliner plans overseas DB pension buyouts to cut balance sheet risk, with Germany firmly off limits
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NewsUK government consults on raising trustee standards
DWP’s consultation puts forward proposals to increase knowledge and understanding requirements for trustees, and to improve trust board diversity
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NewsWTW’s master trust commits £400m to carbon transition credit fund
The investment is expected to rise to £1bn by 2027
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NewsUK master trusts invest £350m in public-private corporate credit ELTAF
Plus: Schroders Capital invests €100m seed capital in own ELTIF
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NewsAviva launches solution for DB surplus transfers to DC funds
Surplus transfers could become a realistic option for some pension funds earlier than expected, Aviva says
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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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NewsGermany’s pension reform unlikely to lift DC take-up
Germany’s pension reform introduces targeted measures, but consultants warn it won’t significantly boost DC plan uptake
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NewsDAX pension funds ramp up private markets as DC overhaul reshapes demand
Mercer expects German corporate pension funds to boost private markets exposure, combining core infrastructure and senior private debt





