Global Pension Funds See Worst Losses Since 2008 Financial Crisis, But Ireland Fares Relatively Well Over Last Decade

Pension funds suffered worst collapse in 2022 since financial crash 15 years ago, with assets falling 12.9% globally.
Ireland fared better than most, with 10-year growth of 4.6% annually. Still saw losses of 15.9% last year.
US had strong 10-year pension growth of 6.1%. China best at 17.5%.
UK pensions contracted 1.1% annually over decade. Other EU states also mostly negative.
Financial crashes and systemic risks will increase from environmental, societal and geopolitical sources.

irishtimes.com

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9/4/2023

Raise pension contributions to combat UK capital market decline, says think-tank

Higher minimum pension contributions and increased regulatory measures are needed to address shortfalls in retirement income and revive Britain's capital market, according to a report by think-tank New Financial, in partnership with Citi bank and abrdn asset management. The report highlights the urgency of avoiding inadequate pension provisions and suggests that more investment should flow into UK-based companies and riskier assets.