Global retirement assets hit $56.6 trillion in 2021
Global institutional retirement assets set a new record in 2021, reaching $56.6 trillion by the end of the year in the 22 largest markets, according to a study released Wednesday by the Thinking Ahead Institute in London.
In the largest markets, 54% of those assets are in defined contribution funds, the study found.
Retirement asset totals by the end of 2021 were up 6.9% from a year earlier, when they first surpassed $50 trillion, and nearly double the $29.3 trillion measured in 2011.
The seven largest markets — Australia, Canada, Japan, the Netherlands, Switzerland, the U.K. and the U.S. — collectively account for 92% of retirement assets in the 22 markets. The $35 trillion in U.S. retirement funds alone accounts for 62% of the 22, up from 52% in 2011, the study found.
Among the 22 largest markets, the U.K. came in second after the U.S., a ranking previously held by Japan, where total assets slipped 1.1% in 2021.