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
