Growth in Asia-Pac pension fund assets outpaces global rate
PENSION funds in the Asia-Pacific are punching above their weight, accounting for a substantial and growing share of the global pensions market, a Global 300 research study by Willis Towers Watson’s Thinking Ahead Institute has found.
Assets of seven Asian pension funds surged by 25.6 per cent in 2017 to an aggregate sum of US$3.3 trillion, and accounted for 44.3 per cent of the world’s top 20 pension funds’ assets.
Singapore’s Central Providend Fund (CPF) was ranked the world’s ninth largest – retaining its 2016 ranking – with US$269.13 billion in assets at end-2017. As at the second quarter 2018, the total CPF members’ balance stood at S$376.63 billion.
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