Asian Pension Funds - Articles & White Papers

Now in its tenth year, the 2022 Natixis Global Retirement Index takes a deep dive into the critical issues driving global retirement security on the heels of the pandemic – and reveals the top countries for retirement security around the world.

The global top 300 pension funds is an annual study conducted by the Thinking Ahead Institute. The research highlights high-level trends in the pension fund industry and provides information on how the characteristics of these top funds have changed.

This piece is authored by the esteemed William Forsyth Sharpe, one of the originators of the capital asset pricing model. Sharpe discusses the retirement funding issues of today's pension funds.

Total gross financial assets in Asia reached a new record high, but the share of life and pension assets in private households’ portfolios kept declining. Asia’s old-age dependency ratio set to more than double until mid-century. Tax-incentives and subsidies to reverse the decline in popularity of private, capital-funded…

A 2021 report from the Organisation for Economic Co-operation and Development found that among member states, women aged 65 or older received 26% less income from pensions than men on average. In Asia, we believe the existence of pension inequality between men and women is even more pronounced. Through a special partnership…

This paper frames the decision to purchase a fixed immediate annuity as a wager that can be won or lost. The alternative bet is to hold a portfolio of long government bonds, drawing income and liquidating principal as necessary. The paper applies a historical rather than mathematical lens to calculate the odds of each…

Although there was still notable movement to both discount rates and asset performance over the course of the quarter, Q4 2022 was less volatile than others this year.

For a comprehensive analysis of global investment returns and liability growth, as well as an in-depth look at Brazil, Canada, the Eurozone, Japan, Switzerland, the U.K. and the U.S., read the latest edition of Global Pension Finance Watch.

The Global Pension Statistics Project measures and monitors the pension industry, allowing inter-country comparisons of current statistics and indicators on key aspects of retirement systems. Assets in pension funds rose by over 8% in the OECD area and nearly 2% in other reporting jurisdictions in 2021. Pension funds…

Investment Director Masahiko Loo explores the risks of Japan facing a UK-style pension crisis and identifies fundamental reasons that make Japanese pension funds inherently less vulnerable.

In this paper, the authors investigate the optimal management of defined contribution pension plan under relative performance ratio and Value-at-Risk (abbr. VaR) constraint. Inflation risk is introduced in this paper and the financial market consists of cash, inflation-indexed zero coupon bond and a stock. The goal of the…

This paper investigates the robust non-zero-sum games in an aggregated overfunded defined benefit pension plan. The sponsoring firm is concerned with the investment performance of the fund surplus while the participants act as a union to claim a share of the fund surplus.

The 33rd edition of our Global Survey of Accounting Assumptions for Defined Benefit Plans comprises 1,420 companies in 49 countries. This upload is an executive summary.

This is the first survey for this region specifically introduced in China and Greater Asia, with the aim of surveying the actuarial and risk management professionals' opinions on emerging risks in the local market.