Global retirement assets will increase by a compounded annual growth rate of 7 percent to 2018, according to a new report.
Cerulli Associates makes this prediction in "Global Markets 2014: Clarity and Consolidation in the Quest for Assets." Now in its 13th iteration, the study examines trends in both institutional and retails markets globally.
The 523-page report reveals that the U.S., U.K and Australia remain the chief markets among 27 countries for retirement assets, the U.S. share of the pie totaling $2.1 trillion. Retirement assets fell in value during the period examined in only four markets.
"A CAGR of 7 [percent] globally to 2018 is reassuringly predictable in uncertain times," says Ken Yap, director at Cerulli Associates. "But managers tackling the European and U.K. retirement industries should expect further political intervention into systems."
