Global Pension Assets Study – 2025

By Thinking Ahead Institute

The Global Pension Assets Study estimates global pension fund assets across 22 major pension markets (the P22). These geographies now stand at US$58.5 trillion in pension assets and account for 68% of the GDP of these economies. The study, conducted by WTW and the Thinking Ahead Institute since the 1990s, includes an analysis of the seven largest markets (the P7): Australia, Canada, Japan, Netherlands, Switzerland, UK and the US, which comprise 91% of total pension assets.

Pension schemes continue to turn to alternative investments, such as private equity, property, and hedge funds, and more recently private debt and infrastructure, to diversify their portfolios and boost returns. These alternatives offer the potential for higher return and reduced correlation with traditional assets like equities and bonds, enhancing overall portfolio robustness.

Get the report here