The value of global pension assets rose by 11 percent on aggregate to $55.7tn in 2023, said a study.

According to the Thinking Ahead Institute's (TAI) latest Global Pension Assets Study, the seven largest (P7) pension markets, in which 91% of assets ($50.8trn) are concentrated, defined contribution (DC) pensions make up a majority (58%) of assets.

The not-for-