Asia Pacific: Region’s pension funds grow faster than global average
Assets under management with Asia Pacific’s largest pension funds rose by 7% from a year earlier to US$3.7 trillion at the end of 2016, lifting the overall ranking of the region’s sovereign and public sector pension funds by asset size, according to the latest global 300 research from Willis Towers Watson, the leading global advisory, broking and solutions company.
In a return to growth following a 3.4% decline in 2015, based on asset size, Asia Pacific pension funds outperformed those of the world’s largest pension funds overall. The latter increased in value by 6.1% in 2016, representing a total of $15.7 trillion, according to the research.
Among Asian sovereign and public sector pension funds in the research, China’s National Social Security Fund retained its previous position in the ranking at position 6. India’s Employees’ Provident moved up to position 21 (from 27), Taiwan’s Labour Pension Fund to position 35 (from 46), Taiwan’s Labour Insurance Fund to position 174 (from 193) and Vietnam’s Social Insurance Fund to position 185 (from 204).
Read full content: Asia Insurance Review
