Worldwide pension assets reach all-time high: study

Institutional pension fund assets in the 13 major markets grew by 9 percent, reaching a new high of US$30 trillion, while UK pension fund assets hit an all-time high of 1.7 trillion pounds in 2012, a 5-percent increase from last year, the report by Towers Watson found.

The growth in pension assets in the 13 countries including Australia, Germany, Japan, Netherlands, Britain and the United States, was attributed to hiring more qualified people to manage pensions, outsourcing portfolios and better investment choices.

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