Global pension assets are now worth $55.7 trillion thanks to a bounce-back 2023, according to a new study from the Thinking Ahead Institute (TAI).
Jessica Gao, TAI’s associate director, research, said, “This global growth is not yet rapid, and pension assets remain behind their pre-2022 position, but it is far better than the experience a year before. Inflation has moderated, and as a result financial markets have remained supported by interest rates which appear also to have peaked, at least for now, in most countries.”
TAI highlights four areas that will pose challenges and opportunities to the investment industry in the coming years:
1) Macro uncertainty and systemic risk persist in economies around the world; 2) the increasing influence of governments on pension systems will see the greening of investments and a focus on growth in domestic economies; 3) AI and technology will enable innovative financial solutions and more timely reporting; and 4) the f
