Total assets of the world’s largest 300 pension funds fell by over 3% in 2015 (compared to growth of over 3% in 2014) to a sum of US$14.8 trillion according to Pensions & Investments and Willis Towers Watson research. Despite this first drop in assets since the beginning of the global financial crisis, cumulative asset growth since then is almost 19%.
The latest P&I / Willis Towers Watson global 300 research, conducted in conjunction with Pensions & Investments, a leading U.S. investment newspaper, shows that by individual region North America had the highest five-year compound growth rate of around 6% compared to Europe (around 4%) and Asia-Pacific (around 1%). The research also shows that the world’s top 300 pension funds now represent around 42% of global pension assets. According to the research during 2015, only hybrid plan assets grew, by almost 14%, while all other fund types declined: defined benefit (DB) plans assets by almost 5%; defined contribution (DC) by over 2%; and reserve funds by 0.3%.
Sovereign pension funds continue to feature strongly in the ranking with 27 of them accounting for 28% of assets and totalling around US$4.2 trillion. The 115 public-sector funds in the research had assets of almost US$6 trillion in 2015 and account for 39% of the total. Private-sector industry funds (58) and corporate funds (100) account for 14% and 19%, respectively, of assets in the research.
The world’s 300 largest pension funds – year ended 2015. View the report