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New data from Willis Towers Watson shows that assets held by the world’s largest pension funds grew by 6.1 per cent in 2016, reaching $15.7 trillion.
Canada’s share of those assets total 5.4 per cent, up from 5.3 per cent the previous year. That moves the country by the United Kingdom into fifth place for share of pension assets.
The report included a list of the world’s largest pension plans and two Canadian funds, the Canada Pension Plan (CPP) and the Ontario Teachers’ Pension Plan (OTPP), place in the top 20: CPP came in at eighth while the OTPP was listed at 18th, reports Benefits Canada.
The biggest pension plan in the world is the government pension investment, Japan.
“The search for attractively priced assets at acceptable risk continues to be a driving force in shaping the fortunes of pension funds and their ability to meet respective missions and objectives,” Roger Unwin, global head of investment content at Willis Towers Watson, is quoted saying.
“This is increasingly hard and reduces the shine from a year in which, the largest asset owners have been able to achieve superior growth in this year’s figures. Central to this result has been the ability of leading asset owners to adapt to the ever-changing investment environment, through improvements in governance and the ability to learn from their peers. The desire of asset owners to implement best-practice and sound governance across their organization has strengthened and will be a key factor in their future success.”
More: DB funds make up 65.5 per cent of total assets in the ranking.

ARIA provides a forum for an informed discussion on retirement income adequacy, and other related issues, including pension and retirement coverage, and defined benefit pension plans – ARIA pensions blog, 12 Dunlop Street, Barrie, ON, L4N 1V6 – sitemanager@ariapensions.ca

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