Global DC Peer Study Summary Report 2025 (old)

How DC funds are managing investments today and tomorrow In/outsourcing models remain mixed, but the average direction is towards insourcing more

Recent and future direction of travel for in/outsourcing

Outsource vs insource in investment management

Entirely outsourced Largely outsourced About 50/50 Largely insourced Entirely insourced

6%

39%

39%

39%

47%

More outsourced

33%

33%

47%

About the same

28%

More insourced

Not sure

17%

17%

17%

47%

41%

11%

11%

6%

6%

6% 6%

Last 5y Next 5y

Equities

Bonds

Alternatives

n=18

n=17

15

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