The outstripping of DB by DC plans isn't the only change a Willis Towers Watson study found. (Photo: Shutterstock)
The growth rate for defined contribution assets has increased while that of defined benefit assets has decreased, according to the Global Pension Assets Study from Willis Towers Watson's Thinking Ahead Institute.
It found that assets in global institutional pension funds in the 22 major markets dropped 3.3 percent over the course of the year in 2018, hitting $40.1 trillion at year end.
And defined contribution assets, the report said, account for more than half of total assets across the seven largest pension markets for the first time.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
