September 2026

Top 300 pension funds’ AuM reaches record high

The world’s top 300 pension funds experienced the fastest growth in assets since 2017, according to the latest report from the Thinking Ahead Institute. The report found that assets under management grew by 13.4% in 2025, reaching a record-high of $27.7 trillion. The growth was most pronounced among the largest of these 300 pension funds, supporting the notion that the largest funds are getting larger. For example, the Government Pension Fund of Norway surpassed $2 trillion in AuM for the first time,...

US. DC plan sponsors struggle to define retirement readiness: WTW

A recent survey of more than 550 US employers by WTW has exposed an uncomfortable truth at the centre of defined contribution plan governance: a large majority of plan sponsors have no formal definition of what retirement readiness means for their workforce. “You can't prove that your plan works if you haven't defined what working actually means,” said Chris West, senior managing director and DC strategy leader at WTW. “Employers are facing a retirement readiness gap and that pressure is...

Ranked: How Much Pensions Replace Your Salary by Country

How much of your paycheck would a pension replace in retirement? Depending on the country, the answer ranges from more than 80% to less than 20%. This graphic ranks countries by their projected gross pension replacement rate, based on data from the OECD. The rate compares pension benefits with pre-retirement earnings, with both measured before taxes and contributions. Estimates are for an average earner entering the workforce at age 22 in 2024 and include mandatory public and private pensions, but exclude...

UK. How forestry scam drained pensions to buy ‘flash cars’

Staff at Ethical Forestry always knew when their bosses were around. Even though the business was on the top floor of a Bournemouth office block there was no mistaking their arrival. You could hear one of their "top of the range, flash cars" roaring into the parking area three storeys below, according to former staff member Susan Cox. And "flash cars" they had a plenty - between them, company founder Matthew Pickard and fellow directors Stephen Greenaway and Paul Laver bought at...

UK. Greater pension risk pooling could boost productive investment and saver return

The greater use of collective pension vehicles, including collective defined contribution (CDC) schemes and pension superfunds, could improve saver outcomes and unlock more long-term productive investment in the UK, New Capital Consensus (NCC) has argued. In its new report, Redistributing the Risk Burden, the think tank said that the systematic transfer of investment risk from institutions to individuals over the past 25 years has contributed to more short-term and risk-averse investment, while leaving savers bearing greater responsibility without sufficient support. According to...

Danish pensions meet 2030 transition investments goal

The Danish pensions industry has met its 2019 joint commitment to invest DKr450 billion ($70.1 billion; €60.2 billion) in the green transition by 2030, according to Insurance and Pension Denmark (IPD). At the end of 2025, green investments had grown to DKr478 billion, the industry association said, with 44 percent of the investments in Denmark. A shareholder proposal has renewed calls for Starbucks to separate its board chair and CEO positions. Filed by SOC Investment Group and United Church Funds,...

South Korea. Basic Pension Reform Criticized as Populist, Ineffective

“If this is the case, they shouldn’t have touched it at all… They’ve kept the structure intact while only increasing the financial burden on future generations. It’s like telling an overweight patient with adult diseases to lose weight, only to add more fat.” Yoon Seok-myung, 65, a senior honorary researcher at the Korea Institute for Health and Social Affairs, evaluated the government’s basic pension reform plan in an interview with this newspaper on the 1st, stating, “Money is being indiscriminately...

Overseas Stocks Drive Double-Digit Returns for State Plans Like Louisiana and New York

For many state pensions that sought growth outside the U.S., the bet is paying off. Strong gains in non-U.S. and emerging market equities have helped propel several public plans like the Louisiana State Employees’ Retirement System and New York State Common Retirement Fund to double-digit returns for their 2026 fiscal years (18.4 percent and 11.9 percent, respectively). Louisiana State chief investment officer Bobby Beale attributed much of the $18.7 billion plan’s strong return to “broad strength in equities.” While domestic equities...

Will Europe dismantle the welfare state? Pension cuts and healthcare collapse threat looms

The economic decline of the once-mighty West is becoming so obvious that even leading economists are starting to acknowledge that the Western economic model faces severe structural problems. For decades, Western media presented the economies of the US and Europe as benchmarks of growth and prosperity, backed by robust markets, high returns, and a generous welfare state capable of funding pensions, healthcare, and social benefits. Today, however, the picture has shifted dramatically. Those same media outlets now admit that...

Ghana. Look beyond government securities – GVCA tells pension funds

Ghana’s private capital ecosystem is attracting growing interest as institutional investors explore opportunities beyond traditional investment instruments and seek to channel more capital into the productive sectors of the economy. The development is prompting renewed engagement between pension funds, private equity firms, venture capital managers and other players in the markets and investment industry, with stakeholders highlighting the potential of private capital to support growth-stage businesses, create salaried jobs and deepen economic growth. The discussions formed part of a Matchmaking Session...