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市場調査レポート
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945948

世界の年金基金業界市場-成長、 動向、予測(2020年~2025年)

Global Pension Funds Industry - Growth, Trends, and Forecasts (2020 - 2025)

出版日: | 発行: Mordor Intelligence Pvt Ltd | ページ情報: 英文 130 Pages | 納期: 2-3営業日

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本日の銀行送金レート: 1USD=111.25円
世界の年金基金業界市場-成長、 動向、予測(2020年~2025年)
出版日: 2020年08月01日
発行: Mordor Intelligence Pvt Ltd
ページ情報: 英文 130 Pages
納期: 2-3営業日
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  • 概要
  • 目次
概要

近年、世界中で年金改革が行われており、民間部門が運営する積立型年金プログラムの利用が増加しています。 年金基金業界の金融資産は、2017年から2018年にかけ0.4%増加して35.6兆ドルになったものの、2012年から2017年までの年間平均成長率6.3%を大幅に下回りました。 金融資産の成長の鈍化傾向は、世界の年金基金資産の63%を占める米国を含む多くの先進国でみられました。ただし、中国(20%)やインド(34%)などの一部の新興国では急速に増加しています。 2019年の年金基金資産は、2018年の株式市場の低迷の影響を受け、多くの国で2008年の金融危機以降最悪の実績を記録しました。

当レポートでは、年金基金業界市場を調査し、市場概要、市場の成長要因および阻害要因の分析、プランタイプ別・地域別の市場規模の推移と予測、競合情勢、主要企業のプロファイル、市場機会など、包括的な情報を提供しています。

目次

第1章 イントロダクション

第2章 調査手法

  • 調査成果
  • 調査の前提条件
  • 分析調査手法
  • 研究フェーズ

第3章 エグゼクティブサマリー

第4章 市場力学

  • 市場概要
    • 特徴および年金情勢のカバレッジ
    • 年間運用資産および成長率
    • 年金資産の世界経済への影響
    • サイズセグメント別分布
    • 年金基金の投資パターン
  • 財政の安定を実現するための年金基金の役割
    • 年金基金とその他の金融仲介機関の相互関係
    • 信用仲介および貸付活動における年金基金の役割
  • 年金基金の規制および立法情勢の影響
    • 特定の資産カテゴリーにおける年金基金投資のポートフォリオ制限
    • 特定の外国資産カテゴリーにおける年金基金投資のポートフォリオ制限
    • 年金基金投資規制の最近の変更
  • 市場成長要因
  • 市場阻害要因
  • ポーターのファイブフォース分析
  • ファンドスキームへのCOVID -19の影響

第5章 市場細分化

  • プランタイプ別
    • 分散拠出
    • 分散受益
    • 準備資金
    • ハイブリッド
  • 地域別
    • 北米
    • 欧州
    • アジア太平洋地域
    • その他の地域

第6章 競合情勢

  • Fund Profiles
    • Social Security Trust Funds
    • National RailRoad Retirement Investment Trust
    • California Public Employees' Retirement System
    • AT&T Corporate Pension Fund
    • 1199SEIU Pension And Retirement Funds
    • National Eletrical Benefit Fund*
    • *List Not Exhaustive

第7章 市場機会および未来の動向

目次
Product Code: 70602

Pension fund schemes invest with a long-term investment perspective in line with the duration of their liabilities. Pension funds are adapting their investment strategies to succeed in today's complex and demanding environment.

Pension funds traditionally invested in bonds and equities with long term investment horizon and given the market volatility they have diversified their portfolios by allocating funds to alternatives like hedge funds, private equity, real estate, and others. Recent years have witnessed intense pension reform efforts in countries around the globe, often involving increased use of funded pension programs managed by the private sector. These funded arrangements are likely to play an increasingly important role in delivering retirement income in many countries and privately managed pension assets will play an increasing role in financial markets, notably as a source of long-term savings.

The financial assets of pension funds remained largely unchanged in 2018 compared to 2017. Pension funds grew by 0.4% in 2018 to $35.6 trillion, significantly below the sector's annual average growth of 6.3% between 2012 and 2017. The slowdown in the growth of financial assets held by pension funds was a common trend in most advanced economies, including the US which represents 63% of global pension fund assets. However, pension fund assets grew rapidly in some EMEs, such as China (at 20%) and India (at 34%).

In 2019, the pension fund assets were impacted by the downturn on equity markets in 2018, recording the worst financial performance in a year for pension funds across many countries since the 2008 financial crisis.

Key Market Trends

Distributed Contribution Plans are Settling as Dominant Global Model

In 2019, the total Defined Contribution (DC) assets across the aggregate of the six largest pension markets in the world exceeded Defined Benefit (DB) assets for the first time. Over the decade to 2019, we continue to see DC assets continue to grow at a faster rate than DB (8.4% pa vs 4.8% pa) reflecting increased member coverage and in some markets higher contributions.

Along with a rise in the distributed contribution assets, there remain certain challenges like member engagement for employers. Targeted engagement provides better insights but faces challenges in execution. Advances in technology are opening up new possibilities for customization, changing the nature of member interactions, and re-setting member expectations. The future of DC is likely to be hyper-customized, with increased focus on individual participants, but employers need to improve governance to embrace this.

Key Trends in Asset Allocation of Pension Funds

The asset allocation to real estate, private equity, and infrastructure in the 20-year period has moved from about 6% to almost 23%. Alternatives have been attractive for return reasons, offsetting their governance difficulties.

We continue to see a rise in allocations to private markets and other alternatives at the expense of equities and bonds, reflecting the demand for risk diversification. Investors continue to look for innovative ways to evolve their mandates to better manage the agency, measurement, integration, and complexity challenges involved with private markets.

Competitive Landscape

The report includes an overview of the largest pension funds and a few corporate funds operating pension schemes worldwide. Currently, some of the major players dominating the market studied, in terms of asset size are discussed in detail in the report.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Scope of the Market
  • 1.2 Market Definition

2 RESEARCH METHODOLOGY

  • 2.1 Study Deliverables
  • 2.2 Study Assumptions
  • 2.3 Analysis Methodology
  • 2.4 Research Phases

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Overview
    • 4.1.1 Features And Coverage of Pension Plans Landscape
    • 4.1.2 Assets Under Management by Pension Funds and Growth Rates, Over The Years
    • 4.1.3 Impact of Pension Assets to the Economies Worldwide
    • 4.1.4 Distribution of Pension Assets by Size Segment
    • 4.1.5 Investment Patterns of Pension Funds
  • 4.2 Role of Pension Funds in Achieving Financial Stability
    • 4.2.1 Interconnectedness of Pension funds and Other Financial Intermediaries
    • 4.2.2 Role of Pension Funds in Credit Intermediation and Lending Activities
  • 4.3 Impact of Regulatory and Legislative Landscape on Pension Funds
    • 4.3.1 Portfolio Limits on Pension Fund Investment in Selected Asset categories
    • 4.3.2 Portfolio Limits on Pension Fund Investment in Selected Foreign Asset categories
    • 4.3.3 Recent Changes to the Pension Fund Investment Regulations
  • 4.4 Market Drivers
  • 4.5 Market Restraints
  • 4.6 Porter's Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers/Consumers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 Impact of COVID -19 on Fund Schemes

5 MARKET SEGMENTATION

  • 5.1 By Plan Type
    • 5.1.1 Distributed Contribution
    • 5.1.2 Distributed Benefit
    • 5.1.3 Reserved Fund
    • 5.1.4 Hybrid
  • 5.2 By Geography
    • 5.2.1 North America
      • 5.2.1.1 United States
      • 5.2.1.2 Canada
    • 5.2.2 Europe
      • 5.2.2.1 United Kingdom
      • 5.2.2.2 Switzerland
      • 5.2.2.3 Netherlands
    • 5.2.3 Asia-Pacific
      • 5.2.3.1 Australia
      • 5.2.3.2 Japan
    • 5.2.4 Rest of the World

6 COMPETITIVE LANDSCAPE

  • 6.1 Overview (Market Concentration and Major Players)
  • 6.2 Fund Profiles
    • 6.2.1 Social Security Trust Funds
    • 6.2.2 National RailRoad Retirement Investment Trust
    • 6.2.3 California Public Employees' Retirement System
    • 6.2.4 AT&T Corporate Pension Fund
    • 6.2.5 1199SEIU Pension And Retirement Funds
    • 6.2.6 National Eletrical Benefit Fund*

List Not Exhaustive

7 MARKET OPPORTUNITIES AND FUTURE TRENDS