Global pension funds set a new record: assets reached $24.4 trillion.

According to inkorr.com: Global pension funds have set a new record in terms of asset size: by the end of 2024, their total value reached $24.4 trillion. This is the highest figure in history, as noted in the Top 300 Pension Funds report prepared by the Thinking Ahead Institute, in partnership with Pensions & Investments. This was reported by .

Despite the record growth, the pace of asset increase has slowed: in 2024, assets grew by 7.8%, while the previous year they grew by 10%. For the first time, the 20 largest pension funds in the world control over $10.3 trillion, which accounts for 42.4% of the total volume of the top 300.

The leader of the ranking is the Norwegian Government Pension Fund, which surpassed the Japanese Government Pension Investment Fund and topped the global list for the first time in two decades.

Top 10 largest pension funds in the world

1. Government Pension Fund (Norway) — $1.77 trillion

2. Government Pension Investment Fund (Japan) — $1.64 trillion

3. Federal Retirement Thrift (USA) — $954 billion

4. National Pension Fund (South Korea) — $820 billion

5. ABP (Netherlands) — $560 billion

6. CalPERS (USA) — $542 billion

7. Canada Pension Plan (Canada) — $497 billion

8. Central Provident Fund (Singapore) — $446 billion

9. National Social Security Fund (China) — $366 billion

10. Teachers’ Retirement System of California (USA) — $354 billion.

North America holds nearly half (47.2%) of global pension assets, while Europe is in second place with a share of 23.7%. The Asia-Pacific region controls 25.5%, showing a slight decline compared to the previous year.

Earlier, we reported that according to a study by the consulting firm Global Citizen Solutions, in 2025, Portugal was recognized as the best place for retirees. This country was noted for its climate, safety, and affordable cost of living. Portugal offers a high standard of living and quality healthcare, making it attractive for people on fixed incomes.

Pension funds continue to play a vital role in the global economy. Given the increasing value of assets, they provide financial stability for millions of people. Norway, having reached a new record, demonstrates a successful model of pension fund management that can serve as an example for other countries. Information about changes in this area could be beneficial for individuals planning their retirement security.