The world's largest pension funds

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

Key findings

	

The world’s top 300 pensions funds now stand at a record US$ 24.4 trillion
This surpasses the previous record set in 2021, completing a three year recovery
Yet asset growth slowed in 2024, increasing by 7.8% from the previous year
The Government Pension Fund of Norway is now the largest in the world, overtaking Japan’s GPIF after over 20 years as the global leader by assets
Pension funds face increasing pressures from volatile markets, shifting geopolitics, and rising stakeholder demands, making strong governance essential
Top pension funds are prioritising AI adoption while balancing its opportunities with a governance challenge

Key findings

Short report covering key findings of this year’s study

Full report

The full report is available now to our members. If you are not a member but would like to view the full report, please reach out to us via email: enquiries@thinkingaheadinstitute.org