Global pension assets hit record high
Pension fund assets in the world’s 22 largest markets grew by $4.8trn to $41.3trn (£29.3trn) last year, according to a new report from Willis Towers Watson (WLTW). This is the highest total ever recorded by the firm in the last 20 years; with a 13% increase in asset value over the course of 2017 also the largest single-year growth registered.
The US continues to be the biggest market, accounting for 61.4% of worldwide pension assets, followed by the UK and Japan, which represent 7.5% and 7.4% respectively.
It was also found that defined contribution (DC) assets now account for 49% of the total across the seven largest pension markets, growing by 7.9% per annum, compared with 4.5% for DB assets.
Read More: The Actuary
