Global pensions assets rose to $ 58.5 tn as of Dec. 31 2024 according to the 2025 edition of the Towers Watson TAI asset study report published Feb. 10 2025. The global ranking is seemingly unchanged with the US, Japan and Canada remaining in 1st, 2nd and 3rd position respectively

Beyond the surface, as it were, an interesting phenomenon is gaining momentum: the “rise of modern DC”, driven by new contributions and the over-performance of “growth assets”, and, consequently, the relative decline of traditional DB pensions (now less than 40% of total AuM in many countries). Australia is a case in point, more than doubling its overall pension assets in the past ten years. This phenomenon also cemented America’s place as dominant leader, US pension funds now owning a whopping 65% of world pension assets

As forecast by the Hon. Nick Sherry, former pensions minister, Australia, co-chair, World Pensions® Conference, and Nicolas Firzli, executive director, G20 Pensions Roundtable, “pension superpowers are reshaping the world economy” … and “Australia is on track to become the world’s second largest pension market by 2030”. These issues will be discussed with leading UK, EU and G20 pension investors and policy makers at the Pensions & Saving Summit, London, 20–21 November 2025

Learn more: CityEvent.org