Pension Markets in Focus 2024
This edition of Pension Markets in Focus provides detailed and comparable statistics on asset-backed pension systems around the world, with data up to end-2023. It builds upon preliminary data released in June 2024 and explores whether the growth in assets earmarked for retirement in 2023 was sufficient to offset the investment losses incurred in 2022, and how this growth in assets fits with the long-term trend.
This edition of Pension Markets in Focus explores whether the growth in assets earmarked for retirement in 2023 was sufficient to offset the investment losses incurred in 2022, and how this growth fits within the long-term trend. It looks at the extent of the growth of assets and the underlying drivers behind it, compares the trends in 2023 with the long-term trends and examines whether the shift away from defined benefit plans to defined contribution plans continued.
Assets earmarked for retirement grew by 10% in 2023 in the OECD
Assets earmarked for retirement grew by 10% in 2023 in nominal terms in the OECD, reaching USD 63.1 trillion by year-end. This growth resulted from the investment income that pension providers and public pension reserve funds earned following positive developments in equity markets. Positive cashflows from contributions over benefit payments and other expenditure also supported asset growth.
