Global pension assets rise by nearly 10%, reaching new high

Rhea-AI Summary

WTW (NASDAQ: WTW) Thinking Ahead Institute reports global pension assets rose 9.6% YoY to a record USD 68.3 trillion in 2025, adding USD 6.0 trillion of value. DC plans now form 63% of assets in the top seven markets; US is 66% of Top 22.

Australia, US and Canada led decade growth; Canada overtook Japan to become the second largest market. Aggregate equity allocation in P7 fell to 48%.

Positive

• Global pension assets reached USD 68.3 trillion in 2025
• Assets grew 9.6% YoY, adding USD 6.0 trillion value
• Defined contribution now 63% of P7 pension assets
• Canada moved to 2nd largest P22 pension market

Negative

• UK pension market CAGR only 1.4% over 10 years
• Equity allocation in P7 declined 9 percentage points over 20 years

Market Reaction

-4.84% $314.05

15m delay 7 alerts

-4.84% Since News

$314.05 Last Price

$313.74 $330.67 Day Range

-$1.53B Valuation Impact

$30.07B Market Cap

0.3x Rel. Volume

Following this news, WTW has declined 4.84%, reflecting a moderate negative market reaction. Our momentum scanner has triggered 7 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $314.05. This price movement has removed approximately $1.53B from the company's valuation.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.

Key Figures

Global pension assets 2025: USD 68.3 trillion YoY asset growth: 9.6% Asset value created: USD 6.0 trillion +5 more

8 metrics

Global pension assets 2025 USD 68.3 trillion Record level in 2025

YoY asset growth 9.6% Global pension assets, 2025 vs prior year

Asset value created USD 6.0 trillion Pension asset value created in 2025

DC share P7 markets 63% Defined contribution share of assets in top seven markets

US market share 66% US share of Top 22 global pension markets

Australia DC allocation 90% Share of pension assets in DC in Australia

US DC allocation 72% Share of pension assets in DC in US

UK DC share 2025 40% UK pension assets in DC, up from 18% in 2020

Market Reality Check

Price: $330.04 Vol: Volume 565,500 is below t...

normal vol

$330.04 Last Close

Volume Volume 565,500 is below the 20-day average of 659,274, indicating muted trading interest. normal

Technical Price at $330.04 is trading above the 200-day MA of $321.23, reflecting a pre-existing upward bias.

Peers on Argus

WTW is up 0.83% while peers are mixed: BRO up 1.03%, ERIE up 0.12%, and AON, AJG...

WTW is up 0.83% while peers are mixed: BRO up 1.03%, ERIE up 0.12%, and AON, AJG, MMC modestly negative, suggesting the move is more company-specific than sector-driven.

Historical Context

5 past events · Latest: Feb 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 03	Earnings results	Positive	+5.8%	Q4 and full-year 2025 results with margin expansion and buybacks.
Feb 02	AI product launch	Positive	-0.3%	Launch of Rewards AI compensation intelligence platform using proprietary data.
Jan 29	Catastrophe losses	Negative	+0.6%	Report on over US$100B insured natural catastrophe losses and rising risks.
Jan 28	Risk framework launch	Positive	+0.0%	Introduction of data center risk framework and capacity for hyperscale projects.
Jan 27	Acquisition close	Positive	-2.4%	Completion of Newfront acquisition to expand U.S. middle market capabilities.

Pattern Detected

Recent WTW news often saw price reactions diverge from the perceived positive or negative tone, with only the latest earnings release showing clear alignment.

Recent Company History

Over the past weeks, WTW has reported several strategic and market-focused developments. Q4 and full-year 2025 earnings on Feb 3, 2026 showed revenue growth in organic terms, margin expansion, and significant share repurchases, with a positive price reaction. Prior announcements included the Rewards AI launch, catastrophe-loss and data-center risk reports, and the Newfront acquisition, where price moves were muted or moved opposite to the seemingly positive strategic narrative. Today’s pensions study aligns with WTW’s advisory strengths in retirement and investment.

Market Pulse Summary

This announcement highlights global pension assets reaching a record USD 68.3 trillion, up 9.6%, wit...

Analysis

This announcement highlights global pension assets reaching a record USD 68.3 trillion, up 9.6%, with defined contribution savings driving growth, especially in markets like the US and Australia. For WTW, it reinforces the scale and momentum of retirement and investment opportunities underlying its advisory franchise. Set against recent earnings strength and ongoing strategic initiatives, investors may watch how asset allocation shifts and DC penetration trends influence future demand for consulting and solutions.

Key Terms

defined contribution (dc), asset allocation, fixed income, asset classes

4 terms

defined contribution (dc) financial

"global pensions assets reached a record USD 68.3 trillion in 2025 as defined contribution (DC) savings"

A defined contribution (DC) plan is a retirement savings arrangement where fixed amounts are contributed to an individual account for an employee, and the final benefit depends on how those contributions are invested and grow over time—think of each worker having a personal piggy bank that gains or loses value with the market. Investors care because DC plans create predictable cash contributions for companies but shift long-term retirement risk to employees, influencing corporate expenses, balance-sheet obligations and the flow of money into investment markets.

asset allocation financial

"DC now forms 63% of all assets, with Australia and the US strongly skewing towards DC asset allocation"

Asset allocation is the plan for how an investor divides money among different types of investments — such as stocks, bonds, cash, and real estate — to pursue growth while controlling risk. It matters because the mix determines how much your portfolio can gain or lose in different market conditions; like choosing ingredients for a recipe, the right balance aims to match your financial goals, time horizon, and comfort with ups and downs.

fixed income financial

"Equities performed especially well, while fixed income also posted gains in light of global rate cuts"

Fixed income is a type of investment where you lend money to an entity — like a government, city, or company — in exchange for regular, scheduled interest payments and return of your principal at a set date. Think of it like lending a friend cash with an agreed payment plan: it typically provides steadier, more predictable income and less price swings than stocks, making it useful for income generation, capital preservation, and balancing risk in a portfolio.

asset classes financial

"allocation to equities has fallen nine percentage points (pp) to 48% of total assets, while bonds and other asset classes"

Asset classes are broad categories of investments that share similar characteristics and behave in similar ways in the financial markets. They include types like stocks, bonds, real estate, and cash, each acting like different tools in a toolbox, serving unique purposes for investors. Understanding asset classes helps investors build balanced portfolios and manage risk effectively.

AI-generated analysis. Not financial advice.

NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Rising by 9.6% year-on-year, global pensions assets reached a record USD 68.3 trillion in 2025 as defined contribution (DC) savings continued to drive growth, according to leading global advisory, broking and solutions company, WTW’s (NASDAQ: WTW) Thinking Ahead Institute’s (TAI) latest Global Pension Assets Study.

2025 showed sustained recovery across global markets with strong investor sentiment and relatively contained volatility, culminating in the creation of USD 6.0 trillion of pension asset value.

Of the top seven global pensions markets – Australia, Canada, Japan, Netherlands, Switzerland, UK, US – DC now forms 63% of all assets, with Australia and the US strongly skewing towards DC asset allocation at 90% and 72% respectively, followed closely by Canada at 44%.

Over the past 10 years, the three predominantly DC markets have seen above average growth, as Australia grew by 6.6% pa, the US by 7.7% pa, and Canada by 5.3% pa. Looking at other countries in the wider Top 22 pensions markets, South Korea, Switzerland and Hong Kong all grew by more than 8% pa over the past decade.

The US remains the largest single pensions market, now forming 66% of the Top 22 globally. Canada has now overtaken Japan for the first time to become the second largest pensions market, due to strong 12% year-on-year growth.

Conversely, the UK saw weak growth of only 1.4% pa over the last 10 years in USD terms. As of 2025, it has the lowest compound annual growth rate of all 22 major markets, bar Brazil. Consequently, having been the second largest pension market in 2015, the UK has now fallen to fourth place in the rankings.

A key driver of this trend is that the UK pension market is going through a structural shift, with DB schemes maturing, paying out benefits, and de-risking, while DC continues to expand. DC now represents around 40% of UK pension assets, up from 18% in 2020.

Looking at the seven largest pensions markets, over last 20 years, overall allocation to equities has fallen nine percentage points (pp) to 48% of total assets, while bonds and other asset classes are up 3pp and 6pp respectively to 31% and 19% of total assets. Aggregate asset allocation now more closely resembles that of 15 years ago.

“2025 saw broad-based gains across global markets, with most major asset classes delivering positive returns. Equities performed especially well, while fixed income also posted gains in light of global rate cuts and narrowing credit spreads,” said Jessica Gao, director, Thinking Ahead Institute.

“Looking ahead, the 2026 outlook is likely to be shaped by policy decisions, technological innovation and shifting global dynamics. Fiscal support and AI-related investment should remain important growth drivers. Inflation trends and central bank actions will be key, particularly in the US, where strong capital spending and supportive fiscal policy may continue to support growth and keep yields relatively elevated.

“Now more than ever, adopting a ‘Total Portfolio Approach’ matters because the investment environment is more uncertain, complex and interdependent than the governance models that many funds have relied on. Rapid technological change as well as more prominent political and systemic risks demand frameworks that can operate with less certainty and weaker model stability. TPA addresses this by enabling faster, more coordinated decisions supported by better data, technology and an organization-wide perspective.”

Notes to editors:

• The P22 refers to the 22 largest pension markets included in the study which are Australia, Brazil, Canada, Chile, China, Finland, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, South Africa, South Korea, Spain, Switzerland, UK, and US
• The P7 refers to the seven largest pension markets (91% of total assets in the study): Australia, Canada, Japan, Netherlands, Switzerland, UK, and US.
• All figures are rounded and 2025 figures are estimates.
• All dates refer to the calendar end of that year.

About the Thinking Ahead Institute at WTW
The Thinking Ahead Institute is a global not-for-profit investment research and innovation network dedicated to helping investors navigate the future. Bringing together leading asset owners, asset managers, wealth providers and strategic partners, the Institute drives innovation through collaborative research and practical solutions.  Since its founding in 2015, the Institute has convened more than 100 organizations to collaboratively design fit-for-purpose investment strategies, improve organizational effectiveness, and strengthen stakeholder trust. Learn more about how the Thinking Ahead Institute can support your organization at https://www.thinkingaheadinstitute.org/.

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

Learn more at wtwco.com

Media contacts

Ileana Feoli: +1 212 309 5504
Ileana.feoli@wtwco.com

Arnelle Sullivan: +1 718 208 0474
Arnelle.sullivan@wtwco.com

FAQ

How much did global pension assets grow in 2025 according to WTW (WTW)?

Global pension assets grew 9.6% year-on-year to USD 68.3 trillion in 2025. According to WTW, this represented a USD 6.0 trillion net increase driven by stronger markets and DC plan accumulation.

What share of pension assets are defined contribution in the top seven markets (WTW)?

Defined contribution accounts for 63% of P7 pension assets overall in 2025. According to WTW, Australia and the US skew highest at 90% and 72% respectively, with Canada at 44%.

Which country became the second largest pension market in 2025 per WTW (WTW)?

Canada overtook Japan to become the second largest P22 pension market in 2025. According to WTW, Canada posted 12% year-on-year growth, driving its rise in the rankings.

How did asset allocation change in the largest seven pension markets over 20 years (WTW)?

Equity allocation in the P7 fell to 48% of total assets, down nine percentage points over 20 years. According to WTW, bonds rose to 31% and other assets to 19%, reflecting diversification shifts.

What are the main drivers for the 2026 outlook cited by WTW (WTW)?

WTW points to policy decisions, technological innovation and fiscal support as key 2026 drivers. According to WTW, AI-related investment, inflation trends and central bank actions will shape returns and yield dynamics.