Wealth and demographic shifts drive Asia Pacific pension funds' growth

Fund flows, rising salaries and changing demographics are driving the accumulation of wealth and retirement savings in Asia Pacific which is in turn reflected in fast pension fund asset growth in the region. This is according to a report released Monday (September 6) by Willis Tower Watson’s Thinking Ahead Institute and Pensions & Investments. Asia-Pacific funds saw an annualised growth in assets under management (AUM) of 9.9% over the past five years, compared with 7.8% gro…