the global retirement land scape - allianz · romania russia slovenia china indonesia thailand...

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DENMARK SWEDEN SWITZERLAND UNITED KINGDOM AUSTRALIA MALAYSIA SINGAPORE CHILE USA SOUTH AFRICA IRELAND NETHERLANDS NORWAY SOUTH KOREA FINLAND JAPAN CANADA AUSTRIA SPAIN BULGARIA CROATIA ESTONIA LITHUANIA POLAND SLOVAK REPUBLIC NEW ZEALAND TAIWAN COLOMBIA MEXICO PERU BELGIUM GERMANY MALTA PORTUGAL BRAZIL N/A ITALY CZECH REPUBLIC HUNGARY LATVIA ROMANIA RUSSIA SLOVENIA CHINA INDONESIA THAILAND ARGENTINA FRANCE GREECE TURKEY INDIA LUXEMBOURG Less than 10% pension assets as % of GDP, mostly DB and hardly changing Less than 10% pension assets as % of GDP, mostly DB and changing towards DC Less than 10% pension assets as % of GDP, mostly DC or substantial shift towards DC 10 to 50% pension assets as % of GDP, mostly DB and hardly changing 10 to 50% pension assets as % of GDP, mostly DB and changing towards DC 10 to 50% pension assets as % of GDP, mostly DC or substantial shift towards DC More than 50% pension assets as % of GDP, mostly DB and hardly changing More than 50% pension assets as % of GDP, mostly DB and changing towards DC More than 50% pension assets as % of GDP, mostly DC or substantial shift towards DC © 2015 Allianz Presented by www.projectm-online.com/atlas FRANCE IRELAND AUSTRIA SPAIN 2005 SLOVAKIA 2013 AUSTRALIA CHILE 2007 SINGAPORE S. KOREA TAIWAN 1980s 1990s 2000s 2010s 1992 SLOVENIA 1997 THAILAND MEXICO 1999 POLAND LUXEMBURG 2001 GERMANY UK LATVIA TURKEY JAPAN 2003 BELGIUM ITALY 1993 AUSTRALIA 1991 HUNGARY PORTUGAL 1998 SWEDEN HONG KONG 2000 ESTONIA GREECE BULGARIA CROATIA 2002 NORWAY N. ZEALAND 2006 CHILE POLAND UNITED KINGDOM 2008 LITHUANIA ROMANIA CHINA INDIA 2004 1981 CHILE 1985 SWITZERLAND HUNGARY 2010 BULGARIA UNITED KINGDOM 2014 Legislative milestones in the shift from defined benefit to defined contribution 1974 USA 1970s 1964 DENMARK 1960s 1955 SINGAPORE CANADA 1957 1950s THE GLOBAL RETIREMENT LANDSCAPE Despite a gradual move towards balancing the three pillars of the pension system, countries around the world still find themselves in very different stages of development. The color-coded map below assesses countries based on the importance of DC within their market and the size of their pension assets. For more details, browse an interactive version of this map at projectm-online.com/atlas CHILE USA MEXICO USA CANADA EUROPE SOUTH AFRICA INDIA CHINA RUSSIA JAPAN NEW ZEALAND AUSTRALIA THAILAND SINGAPORE TAIWAN SOUTH KOREA MALAYSIA INDONESIA PERU BRAZIL ARGENTINA

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Page 1: THE GLOBAL RETIREMENT LAND SCAPE - Allianz · ROMANIA RUSSIA SLOVENIA CHINA INDONESIA THAILAND ARGENTINA FRANCE GREECE TURKEY INDIA LUXEMBOU RG Less than 10% pension assets as % of

DENMARKSWEDEN

SWITZERLANDUNITED KINGDOM

AUSTRALIAMALAYSIA

SINGAPORECHILEUSA

SOUTH AFRICA

IRELANDNETHERLANDS

NORWAYSOUTH KOREA

FINLANDJAPAN

CANADA

AUSTRIASPAIN

BULGARIACROATIAESTONIA

LITHUANIAPOLAND

SLOVAK REPUBLICNEW ZEALAND

TAIWANCOLOMBIA

MEXICOPERU

BELGIUMGERMANY

MALTAPORTUGAL

BRAZIL

N/AITALYCZECH REPUBLIC

HUNGARYLATVIA

ROMANIARUSSIA

SLOVENIACHINA

INDONESIATHAILAND

ARGENTINA

FRANCEGREECETURKEY

INDIA

LUXEMBOURG

Less than 10% pension assets as % of GDP,

mostly DB and hardly changing

Less than 10% pension assets as % of GDP,

mostly DB and changing towards DC

Less than 10% pension assets as % of GDP,

mostly DC or substantial shift towards DC

10 to 50% pension assets as % of GDP,

mostly DB and hardly changing

10 to 50% pension assets as % of GDP,

mostly DB and changing towards DC

10 to 50% pension assets as % of GDP,

mostly DC or substantial shift towards DC

More than 50% pension assets as % of GDP,

mostly DB and hardly changing

More than 50% pension assets as % of GDP,

mostly DB and changing towards DC

More than 50% pension assets as % of GDP,

mostly DC or substantial shift towards DC

© 2015 Allianz

Presented by

www.projectm-online.com/atlas

FR ANCEIREL ANDAUSTRIA

SPAIN

2005SLOVAKIA

2013AUSTRALIA

CHILE

2007SINGAPORE

S. KOREATAIWAN

1980s 1990s 2000s 2010s

1992SLOVENIA

1997THAILAND

MEXICO

1999POL AND

LUXEMBURG

2001 GERMANY

UKL AT VIATURKEYJAPAN 2003

BELGIUM

ITALY1993

AUSTR ALIA1991

HUNGARYPORTUGAL

1998

SWEDENHONG KONG

2000

ESTONIAGREECE

BULGARIACROATIA

2002

NORWAYN. ZEALAND

2006

CHILEPOLAND

UNITED KINGDOM2008

LITHUANIAROMANIA

CHINAINDIA2004

1981CHILE

1985SWITZERL AND

HUNGARY2010

BULGARIAUNITED KINGDOM

2014

Legislative milestones in the shift from defined benefit to defined contribution

1974USA

1970s

1964DENMARK

1960s

1955SINGAPORE

CANADA1957

1950s

THE GLOBAL RETIREMENT LANDSCAPEDespite a gradual move towards balancing the three pillars of the pension system,

countries around the world still find themselves in very different stages of development. The color-coded map below assesses countries based on the importance of DC within

their market and the size of their pension assets.

For more details, browse an interactive version of this map at projectm-online.com/atlas

CHILE

USA

MEXICO

USA

CANADA

EUROPE

SOUTH AFRICA

INDIACHINA

RUSSIA

JAPAN

NEW ZEALAND

AUSTRALIA

THAILAND

SINGAPORE

TAIWAN

SOUTH KOREA

MALAYSIA

INDONESIAPERU

BRAZIL

ARGENTINA