Last year marked the largest annual decline in global pension assets since the 2008 financial crisis, analysis by the Thinking Ahead Institute (TAI) has found.
The latest Global Pensions Assets study, published today (16 February) showed global pension assets declined by 16.7% in 2022 and now stand at $47.9trn (£39.9trn). The study, which covered 22 pension markets worldwide, known as the ‘P22', found the US pensions market remained the largest globally, followed by Japan, Canada and the UK. It found that last year, the UK pension market had total estimated assets of $2.57tn (£2.1trn), with an assets to GDP ratio of 80.3%. The UK had an 81% allocation to defined benefit (DB) funds and 19% allocated to defined contribution (DC). It also fo...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
