Global institutional pension fund assets in the 22 largest markets (the “P22”) have reached a new record, totaling US$56.6 trillion by the end of 2021, according to the latest figures in the Thinking Ahead Institute’s Global Pension Assets Study.
The UK has bounced back from a difficult 2020 to regain its position as the second largest global pensions market for 2021, according to WTW’s Thinking Ahead Institute (TAI).
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A second straight year of double-digit growth boosted global pension asset values to $52.5 trillion.
Pension fund assets within the world’s 22 largest markets saw double-digit gains for the second straight year in 2020, climbing 11% to $52.5 trillion, according to the 2021 “Global Pension Assets Study” from Willis Towers Watson’s Thinking Ahead Institute.
“In what was a highly tumultuous year, pension funds continued to grow strongly in 2020, underpinned by ongoing multi-decade themes such as the rotation from equities to alternatives and the growth of DC [defined contribution], now the dominant global pensions model,” Marisa Hall, co-head of the Thinking Ahead Institute, said in a statement.