All Pensions articles
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WebinarJoin us for an in-depth look at the 2026 Investment Outlook for pension funds
Tuesday 9 December 2025, 9:00 am EDT / 2:00 pm GMT
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White papersGlobal pension trends: What to expect in 2026
The world’s pension assets are concentrated in 22 major markets and total some US$58.5trn, as at the end of 2024, with the US accounting for 65%. In all, the top seven markets – the US, UK, Japan, Netherlands, Switzerland, Australia, and Canada - account for US$53.5trn.
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White papersDB pension schemes: Is investing like an insurer easier said than done?
The UK government recently published its highly anticipated Pension Schemes Bill, opening the door to more flexible treatment of defined benefit (DB) pension scheme surpluses. While buy-out remains the gold standard for member security, many trustees and finance teams are now exploring if, and how, running-on their scheme could work for the benefit of its members and the sponsor.
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White papersRetirement Accumulation Strategies with Real Assets and Inflation Risk
This article presents a comprehensive, dynamic asset allocation framework for retirement savings, extending the classical Merton model to include human capital. This framework reconciles the intuitive age-based glide path with financial theory, recognizing that total wealth consists of financial capital and the present value of future contributions.
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White papersHarnessing thematic indices to support European growth and portfolio resilience
How do you achieve long-term objectives in an environment of uncertainty without sacrificing agility? This is the question being asked by many pension funds and institutional asset managers facing persistent macroeconomic uncertainty, shifting policy dynamics and heightened market volatility. Thematic indices are a compelling solution - not merely as performance trackers, but as forward-looking allocation tools aligned with the ongoing structural transformations in Europe’s economic fabric.
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Asset Manager NewsKPN Pension Fund increases commitment to ASR Dutch Science Park Fund to € 45 Million
KPN Pension Fund has increased its current commitment of € 15 million to the ASR Dutch Science Park Fund by an additional € 30 million. Advised by Aegon Asset Management, KPN Pension Fund has been a participant in the fund since September 2021. The fund invests in office and laboratory buildings located on science parks in the Netherlands. The ASR Dutch Science Park Fund positively contributes to the Dutch knowledge economy by accommodating companies engaged in research and development within science park ecosystems. In doing so, the fund supports companies working on the UN Sustainable Development Goals (UN SDGs).
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White papersIlliquidity premia in private debt: Q2 2025
In our latest private markets deep dive, our research team crunches the data to see how evolving macro conditions are reflected in private debt returns.
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White papersLooking beyond the headlines: Climate investing can unlock opportunities and diversifications
The election of Donald Trump may have been accompanied by significant media and political narrative around climate initiatives, but many institutional investors continue to assess the extent to which their portfolios are exposed to climate risk, or conversely, whether alpha opportunities exist in investing in companies providing solutions to climate risk.
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White papersPension funds themes for an era of geopolitical and policy shifts
Our short-term outlook for the second half of 2025 highlights significant shifts in the global rewiring of trade and financial markets, alongside historic changes in tariffs and fiscal policy. These developments carry important implications for long-term investors, particularly pension funds, for which we see three key investment themes.
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White papersSharing perspectives on a world in flux: Exploring retirement trends and geopolitical dynamics
In late June, an exclusive group of professionals from 17 pension funds from around the globe gathered ahead of the annual Amundi World Investment Forum. It provided participants with an opportunity to connect, exchange ideas and participate in discussions on the pressing issues facing the pension industry as we face a world in flux.
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White papersPension Funds Letter 24 - A rebooting world: Decoding the changing pension landscape
June marks the return of the annual Amundi World Investment Forum. As multiple conficting and contradictory global factors converge, this year’s event explored how these are resetting world dynamics and how investors can adjust.
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White papersQ2 Pension Funding Status
MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc., estimates that, as of June 30, 2025, the average U.S. corporate pension funded status rose to 105.1%. This was up 2.1% from 103.0% as of March 31. MIM manages approximately $600 billion in total assets under management, including over $30 billion of long duration and liability driven investments.
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White papersWhy should investors consider sustainability in CDI?
Whilst institutional investors may have a sustainability approach for their core fixed income portfolio, reflecting it within a cashflow driven investment strategy (CDI) is still a growing concept. CDI strategies are designed to provide a regular income stream from bond coupons and maturities to help address a pension fund’s income requirements. Given their long-term nature and broad fixed income allocation, they are well placed to reflect outcomes beyond that of income requirements.
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White papersActive Maintenance: A Dynamic Approach to Buy & Maintain Credit
Pensions and insurers must generate income to fund obligations, navigate de-risking journeys and integrate climate risk into investing frameworks. Allspring’s active buy and maintain (B&M) approach addresses these goals.
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White papersUnlocked Potential: Enhancing DC Outcomes With Private Equity
As product innovations and regulation have removed barriers to entry, we assess the potential benefits for DC schemes of investing into private equity.
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White papersPrivate debt for DC pensions: The multi-sector opportunity
As the search for better retirement outcomes for the 28 million members of the UK’s defined contribution (DC) pension schemes continues, where are the opportunities for DC investors in private debt and how can they be harnessed?
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White papersResponsible Investment Pension Fund Outlook
The landscape of responsible investment has rapidly evolved in recent years, influenced by stricter regulatory changes, shifting market dynamics, and an increased emphasis on environmental, social, and governance (ESG) factors.
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White papersPension Funds Letter 23 - Bridging the gaps to pension and climate resilience
Warnings over a looming pension crisis occur with increasing regularity. Global populations are not only ageing, they are also shrinking in many regions. The number of workers is declining in Europe and parts of Asia, living costs are rising and wages are stagnating. Set against a backdrop of extraordinary global uncertainty, this demographic transition is putting pressure on retirement systems around the globe.
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White papersEurozone Pension Systems: a health check
Post-war Second World War pension funds were developed on the basis of two different logics: the Bismarckian (defined contributions) in Germany and the Beveridgean system (defined benefits) in England. Today, there are hybrids of these systems but all have established minimum pension levels or social minimums.
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White papersLDI Market Update – March 2025, the new Dutch pension system and its expected market implications
The Dutch pension landscape will face a major historic change in the coming years, with approximately EUR 1800 billion of assets being transitioned from a Defined Benefit pension system to a Collective Defined Contribution pension system. The transition has consequences for the way Dutch pension funds invest – in particular their interest rate hedging profile will look different.
