Africa’s pension fund assets
Two years have elapsed since the first reported outbreak of Covid-19. According to the Organisation for Economic Co-operation and Development (OECD), assets in pension funds continued to grow throughout 2020, growing by 11% from the end of 2019 to a reported USD56 trillion as of the end of 2020. Pension fund assets for OECD countries rose to just over USD54 trillion in 2020. With an initial drop in the first quarter of 2020, global equity markets recovered during the remainder of 2020. Among OECD countries, the US remains an outsized market, with assets in pension funds and all retirement vehicles at the end of 2020 at USD35.5 trillion. The UK is the second-largest pensions market, at USD3.6 trillion.