World’s top pension funds hit $18.1tr

Image result for World’s top pension fundsThe 300 largest pension funds in the world grew assets under management by 15.1 percent in 2017 to reach a combined value of $18.1 trillion, a study has showed.

According to the research from Willis Towers Watson’s Thinking Ahead Institute, the growth was more than double 2016’s  6.1 per  cent increase.

Willis Towers Watson is a leading consultant and investment advisor to pension funds. A leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth.

The report said the top 20 funds accounted for 41.1 per cent of the assets, led by Japan’s $1.4 trillion Government Pension Investment fund and Norway’s $1.1 trillion Government Pension Fund.

Meanwhile, Nigeria’s pension assets hit N8.23 trillion as at September 3, this year, the National Bureau of Statistics (NBS) reported.

The NBS reaffirmed that the current standing of Nigeria’s pension assets under the Contributory Pension Scheme (CPS) stood at N8.23 trillion.

Data released at the weekend by the NBS showed that N8.23 trillion was recorded in the second quarter of 2018 as against N7.943 trillion recorded in the first quarter.

According to NBS, the Federal Government of Nigeria bonds had the highest weight percentage of 49.08 per cent of the total PFA.

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