Towers Watson – “This is a study of the 13 largest pension markets in the world and accounts for more than 85% of global pension assets. The countries included are Australia, Canada, Brazil, France, Germany, Hong Kong, Ireland, Japan, Netherlands, South Africa, Switzerland, the UK and the US. The study also analyses seven countries in greater depth by excluding the six smallest markets (Brazil, France, Germany, Ireland, Hong Kong and South Africa). The analysis includes:

• Asset size, including growth statistics, comparison of asset size with GDP and liabilities
• Asset allocation
• Defined benefit and defined contribution share of pension assets
• Public and private sector share of pension assets.”