Pension trends show DC plans expanding in the US private sector, while public DB funds remain common. Reforms spearheaded by the UK and the Netherlands, de-risked DB and DC frameworks, DC allocations moving toward equities while DB sticks with listed bonds for inflation protection. Mid-2026 accelerates the Netherlands’ DB-to-DC shift, with hedging and shorter duration expected to redefine asset allocations. Global commentary notes reliance on IG credit, linkers, and private assets within CDI structures as retirement near. Additional source facts to use if concrete back these trends across regions and markets.
Sources
In the US, DC dominates private sector pension arrangements while federal, state and other public pension funds remain mostly DB. Allocations to private credit and infrastructure continue to rise, supported by lifecycle designs retaining equity exposure. This trend should be maintained in 2026. The €1.6trn Dutch pension system is transitioning from DB to DC under the Future Pensions Act. Over half of the participants will migrate by mid-2026, a pivotal year for reallocations and hedge...
core.axa-im.comBy 2026, the UK and Netherlands will lead modern pension reform. The UK’s de-risked DB and scaled DC frameworks and the Dutch collective DC model will define global standards in governance and transparency Equities, despite high valuations, will remain a key DC accumulation component, globally diversified as home bias declines. DB portfolios will keep listed bonds at their core for duration and inflation protection, while DC plans rely on IG credit, linkers, and short duration as defensive...
www.axa-im.chIn the US, DC dominates private sector pension arrangements while federal, state and other public pension funds remain mostly DB. Allocations to private credit and infrastructure continue to rise, supported by lifecycle designs retaining equity exposure. This trend should be maintained in 2026. The €1.6trn Dutch pension system is transitioning from DB to DC under the Future Pensions Act. Over half of the participants will migrate by mid-2026, a pivotal year for reallocations and hedge...
www.axa-im.com.sgGlobal pension trends: What to expect in 2026
viewpoint.bnpparibas-am.com