Latest news with #definedcontribution
Bloomberg
07-07-2025
- Business
- Bloomberg
Why Dutch Pensions Overhaul Will Reverberate in Swaps Market
The Netherlands is overhauling its pension system to adapt to an aging population and the fact that people no longer remain with the same employer for their entire working lives. The Dutch occupational pension system is the largest in the euro area, with almost €1.8 trillion ($2.1 trillion) of assets under management as of the first quarter of 2025. It's embarking on a complex transition from so-called defined-benefit pensions to a new system involving defined contributions.
Times
16-05-2025
- Business
- Times
Rachel Reeves wants your pension to back Britain. It could cost you
A big shake-up to pensions could leave savers worse off, while the government continues its drive to get pension firms to invest more in unlisted companies. A deal struck by the pensions industry on Tuesday will result in 17 pension companies, which together manage about £252 billion of savers' cash, investing at least 10 per cent of workplace pensions into private assets by 2030. The so-called Mansion House accord will affect the estimated 14 million savers who have a defined contribution pension (where the amount you get in retirement depends on how much you invest and how your investments perform) in their pension firm's default scheme. These are investment funds selected for you by your pension company — 90 per cent of defined contribution savers
