Global Pension Funds
The Global Pension Funds industry, composed of employer-sponsored defined benefit plans, has been the primary means for meeting the retirement requirements of an aging global population. In recent years, employers have increasingly been shifting the financial risks of retirement savings to employees, opting instead for defined contribution plans not included within this industry. Industry revenue, which comprises employer contributions and investment income, has surged over the past five years, recovering from a period of depressed asset values following the global recession. Although the continued increase of retirees as a proportion of the population will likely keep forcing employers to shift to defined contribution programs, the industry is expected to maintain revenue growth over the next five years as financial markets improve.
This industry comprises funds that are organized to provide retirement income benefits exclusively for the sponsor's employees or members. Plans are based on defined benefit and exclude defined contribution. Revenue in this industry refers to total contributions plus net investment income or losses, while establishments refer to the number of funds. The majority of funds are nonemployers. Fees from portfolio management or other third-party services are not included in this report.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.