The Global Pension Funds industry, composed of employer-sponsored defined benefit (DB) plans, has been the primary means for meeting the retirement requirements of an aging global population. However, employers are gradually shifting the responsibility of retirement benefits to employees because the resources of businesses and the public pension system are stretched. To this end, employers are increasingly offering defined contribution (DC) plans instead of DB plans, requiring employees to contribute to their retirement account and ultimately assume the risk of the plan balance meeting their retirement needs.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.