Product Code: A241404
A pension fund is a rare and generous work benefit that employees appreciate. According to CNNMoney, only 10 percent of employees receive pension benefits. Businesses do not offer pension plans because they are too expensive. Furthermore, the employees will be reluctant to quit their company because they would probably not receive a pension plan at their new job. In addition, offering a pension can help attract talented new employees. Moreover, new applicants will appreciate this solid retirement benefit and will work at the company over competitors.

The pension funds market is influenced by demographic shifts and regulatory changes. As the world's population ages, the demand for pension products and services grows, forcing pension funds to modify their investment strategies to ensure long-term viability. To ensure that every employee enjoys a good life after retirement, in South Africa, key players launched a unique micro-pension fund product. For instance, in September 2022, Econet Life, an insurance unit of EcoCash Holdings Zimbabwe, launched a unique micro-pension fund product that allows people in the informal sector to save for retirement. The new product, called Dura/Isiphala Pension Fund, was launched in Kariba and is expected to drive the uptake of pensions by workers in the informal sector. With this product, anyone can make monthly contributions to their Dura/Isiphala and when the need arises after a year, two or even 10 years, they will enjoy the benefits of their investment. Furthermore, changing regulatory environments aimed at improving transparency and accountability in the pension business are causing funds to embrace more sophisticated risk management procedures and investing strategies. However, non-transferable pension funds, and increasing longevity & healthcare costs, hinder the pension funds market growth. On the contrary, technological advancements, such as AI and data analytics, enable funds to enhance investment decision-making processes, optimize portfolio management, and personalize retirement solutions for their members. In addition, various market players are adopting different key strategies to offer additional services to their pension fund policies to drive their revenue growth opportunities and to improve their service efficiencies, which fuels the pension funds market growth. For instance, in February 2023, Lombard Odier signed a partnership agreement with PensExpert, a provider of customized pension solutions in Switzerland and Germany. The cooperation evolves around vested benefits and funds of Pensionskassen that can be transferred to PensExpert. Lombard Odier's investment team manages the funds. PensExpert has five pension funds catering to over 12,000 insured individuals.
The pension funds market is segmented into fund type, end user, and region. On the basis of fund type, the market is categorized into defined benefit pension funds, defined contribution pension funds, and others. On the basis of end user, the market is differentiated into government, corporate, and individuals. On the basis of region, it is analyzed across North America (the U.S., and Canada), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), Latin America (Brazil, Argentina, and rest of Latin America), and Middle East and Africa (GCC Countries, South Africa, and rest of Middle East and Africa).
The key players operating in the global pension funds market include BlackRock, Inc., Deutsche Bank AG, Wells Fargo, The Vanguard Group, Inc., Bank of America Corporation, UBS, JPMorgan Chase & Co., FMR LLC, State Street Corporation, and BNP Paribas. These players have adopted various strategies to increase their market penetration and strengthen their position in the pension funds industry.
Key Benefits for Stakeholders
- The study provides in-depth analysis of the pension funds market along with current trends and future estimations to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the pension funds market size are provided in the report.
- The Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the pension funds market from 2022 to 2032 is provided to determine the market potential.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Investment Opportunities
- Market share analysis of players by products/segments
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- Market share analysis of players at global/region/country level
Key Market Segments
By Fund Type
- Defined Benefit Pension Funds
- Defined Contribution Pension Funds
- Others
By End User
- Government
- Corporate
- Individuals
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East and Africa
- Gcc Countries
- South Africa
- Rest of Middle East And Africa
Key Market Players:
- BlackRock, Inc.
- Deutsche Bank AG
- Wells Fargo
- The Vanguard Group, Inc.
- Bank of America Corporation
- UBS
- JPMorgan Chase & Co.
- FMR LLC
- State Street Corporation
- BNP Paribas
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
CHAPTER 4: PENSION FUNDS MARKET, BY FUND TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Defined Benefit Pension Funds
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Defined Contribution Pension Funds
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Others
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: PENSION FUNDS MARKET, BY END USER
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Government
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Corporate
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Individuals
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: PENSION FUNDS MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Fund Type
- 6.2.3. Market size and forecast, by End User
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Market size and forecast, by Fund Type
- 6.2.4.1.2. Market size and forecast, by End User
- 6.2.4.2. Canada
- 6.2.4.2.1. Market size and forecast, by Fund Type
- 6.2.4.2.2. Market size and forecast, by End User
- 6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Fund Type
- 6.3.3. Market size and forecast, by End User
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. UK
- 6.3.4.1.1. Market size and forecast, by Fund Type
- 6.3.4.1.2. Market size and forecast, by End User
- 6.3.4.2. Germany
- 6.3.4.2.1. Market size and forecast, by Fund Type
- 6.3.4.2.2. Market size and forecast, by End User
- 6.3.4.3. France
- 6.3.4.3.1. Market size and forecast, by Fund Type
- 6.3.4.3.2. Market size and forecast, by End User
- 6.3.4.4. Italy
- 6.3.4.4.1. Market size and forecast, by Fund Type
- 6.3.4.4.2. Market size and forecast, by End User
- 6.3.4.5. Spain
- 6.3.4.5.1. Market size and forecast, by Fund Type
- 6.3.4.5.2. Market size and forecast, by End User
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Market size and forecast, by Fund Type
- 6.3.4.6.2. Market size and forecast, by End User
- 6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Fund Type
- 6.4.3. Market size and forecast, by End User
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Market size and forecast, by Fund Type
- 6.4.4.1.2. Market size and forecast, by End User
- 6.4.4.2. Japan
- 6.4.4.2.1. Market size and forecast, by Fund Type
- 6.4.4.2.2. Market size and forecast, by End User
- 6.4.4.3. India
- 6.4.4.3.1. Market size and forecast, by Fund Type
- 6.4.4.3.2. Market size and forecast, by End User
- 6.4.4.4. Australia
- 6.4.4.4.1. Market size and forecast, by Fund Type
- 6.4.4.4.2. Market size and forecast, by End User
- 6.4.4.5. South Korea
- 6.4.4.5.1. Market size and forecast, by Fund Type
- 6.4.4.5.2. Market size and forecast, by End User
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Market size and forecast, by Fund Type
- 6.4.4.6.2. Market size and forecast, by End User
- 6.5. Latin America
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Fund Type
- 6.5.3. Market size and forecast, by End User
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Market size and forecast, by Fund Type
- 6.5.4.1.2. Market size and forecast, by End User
- 6.5.4.2. Argentina
- 6.5.4.2.1. Market size and forecast, by Fund Type
- 6.5.4.2.2. Market size and forecast, by End User
- 6.5.4.3. Rest of Latin America
- 6.5.4.3.1. Market size and forecast, by Fund Type
- 6.5.4.3.2. Market size and forecast, by End User
- 6.6. Middle East and Africa
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by Fund Type
- 6.6.3. Market size and forecast, by End User
- 6.6.4. Market size and forecast, by country
- 6.6.4.1. Gcc Countries
- 6.6.4.1.1. Market size and forecast, by Fund Type
- 6.6.4.1.2. Market size and forecast, by End User
- 6.6.4.2. South Africa
- 6.6.4.2.1. Market size and forecast, by Fund Type
- 6.6.4.2.2. Market size and forecast, by End User
- 6.6.4.3. Rest of Middle East And Africa
- 6.6.4.3.1. Market size and forecast, by Fund Type
- 6.6.4.3.2. Market size and forecast, by End User
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product mapping of top 10 player
- 7.4. Competitive dashboard
- 7.5. Competitive heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. BlackRock, Inc.
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
- 8.2. Deutsche Bank AG
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
- 8.3. Wells Fargo
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.3.7. Key strategic moves and developments
- 8.4. The Vanguard Group, Inc.
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.4.7. Key strategic moves and developments
- 8.5. Bank of America Corporation
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
- 8.6. UBS
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.6.7. Key strategic moves and developments
- 8.7. JPMorgan Chase & Co.
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
- 8.7.7. Key strategic moves and developments
- 8.8. FMR LLC
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.8.7. Key strategic moves and developments
- 8.9. State Street Corporation
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.9.7. Key strategic moves and developments
- 8.10. BNP Paribas
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance
- 8.10.7. Key strategic moves and developments