Asian pension markets to treble in size by 2050

The E1.1 trillion pension market in Asia will grow to E2.9 trillion, provided governments pursue reforms, says Allianz.

A new study by Allianz Global Investors says the Asian private pensions market today is E1.1 trillion $1.36 trillion but, driven by demographic changes and government reform, should grow to E2.9 trillion $3.59 trillion over the next four decades.

Comparing Asia with the European Union's 15 members not including the 10 Eastern newcomers, GDP per capita rates don't differ widely compared to Japan, Australia, Hong Kong or Singapore. Taiwan and South Korean per capita GDP remains in shooting distance. Only the giants of China and India, and to an extent Thailand, have per capita GDP rates that are far below Europe's.

But this is almost inverse...

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