1、Global Pension Assets Study|2025Global Pensions Assets StudyThinking Ahead InstituteSection 1Asset SizeSection 2Asset AllocationLimitations of relianceSection 3DB/DC SplitSection 4 Methodology03044143373014Executive summary 2025 Thinking Ahead Institute.All rights reserved.2Global Pensions Assets St

2、udyThe Thinking Ahead InstituteThe Thinking Ahead Institute(TAI)is a not-for-profit research and innovation network motivated to influence theinvestment industry for the good of savers worldwide and to mobilise capital for a sustainable future.Since its establishment in 2015,almost 90 investment org

3、anisations have collaborated to bring this vision to lightthrough designing fit-for-purpose investment strategies,working towards better organisational effectiveness andstrengthening stakeholder legitimacy.This report was produced in collaboration with the WTW Montevideo Research Services team.The T

4、hinking Ahead Group research teamTim HodgsonRoger UrwinMarisa HallJessicaGaoAnastassia JohnsonAndreaCaloisi 2025 Thinking Ahead Institute.All rights reserved.3Overview and key findingsExecutive summaryTAI Global Pensions Assets Study 2025 Thinking Ahead Institute.All rights reserved.4Executive summa

5、ryOverviewThe study covers 22 pension markets in the world(P22).They have pension assets of USD 58,511 bnP22P22 marketsAustralia,Brazil,Canada,Chile,China,Finland,France,Germany,Hong Kong,India,Ireland,Italy,Japan,Malaysia,Mexico,Netherlands,South Africa,South Korea,Spain,Switzerland,UK,USP22 Market

6、sP195Outside the P22 we estimate there is an additional USD 3-5 tn of pension assets91%of P22 assets are in the seven largest marketsP7A deeper analysis is performed for the P7,with assets ofUSD 53,517 bnP7 marketsAustralia,Canada,Japan,Netherlands,Switzerland,UK,US79%The Gini coefficient of global