World's Largest Pension Funds 2025

Source: Thinking Ahead Institute

World's Largest Pension Funds 2025

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Key Findings

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Norway Government Pension Fund leads in AUM (Billion USD) with 1,700 in 2025.

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Average AUM (Billion USD) in 2025: 771 · median: 565.

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Gap in 2025: Norway Government Pension Fund is 12.1× larger than ATP (Denmark).

About This Dataset

World's Largest Pension Funds 2025

The world's largest pension funds and retirement schemes ranked by total assets under management in 2025, according to Thinking Ahead Institute data. Japan's Government Pension Investment Fund is the world's largest pension fund by a significant margin, managing assets that exceed the GDP of most countries. AI-assisted data.

Analysis

The top three in AUM (Billion USD) in 2025 are Norway Government Pension Fund (1,700), Japan GPIF (1,590) and National Pension Korea (820). The 8 entries in AUM (Billion USD) cover a range of 1,560, from 1,700 down to 140. First and second are separated by 110, so the leader sits inside the field rather than apart from it. Only 2 of the 8 reach even half the leader's figure (850 or more).

Data Insights Below

Data Insights

Numbers, trends & sources behind this chart

Client

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Data Points

8 categories · 1 year

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Top Value

1,700

Norway Government Pension Fund

AUM (Billion USD) · 2025

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Metrics

AUM (Billion USD)

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Period

2025

Single year snapshot

Methodology & source

Data source: Thinking Ahead Institute
Coverage: 8 entities · 2025 · 8 observations
Measure: AUM (Billion USD)
Last updated: 6 September 2026
Compiled by: The ANYSTAT team, from the source above

How the figures are calculated

Values use the measure and unit named on this page. Consult the dataset description and cited source for coverage, definitions and any unit conversions. Displayed values may be rounded for readability.
Entities are ranked highest-first on their value in 2025.

Rankings & Full Data

8 records · AUM (Billion USD) · ranked by 2025

✓ 8 sourced

#	Category	2025
🥇	Norway Government Pension Fund	1,700
🥈	Japan GPIF	1,590
🥉	National Pension Korea	820
4	Canada Pension Plan	570
5	ABP (Netherlands)	560
6	CalPERS (USA)	490
7	PFZW (Netherlands)	300
8	ATP (Denmark)	140

Data Sources & References

All external sources cited in this dataset

1 https://www.thinkingaheadinstitute.org/research-papers/global-pension-assets-study/ Visit ↗

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APA

ANYSTAT. (2026). World's Largest Pension Funds 2025 [Data set]. Data: Thinking Ahead Institute. https://anystat.ai/stats/192/worlds-largest-pension-funds-2025

MLA

"World's Largest Pension Funds 2025." ANYSTAT, 6 Sep. 2026, https://anystat.ai/stats/192/worlds-largest-pension-funds-2025.

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<a href="https://anystat.ai/stats/192/worlds-largest-pension-funds-2025">World&#039;s Largest Pension Funds 2025</a> (ANYSTAT)

World's Largest Pension Funds 2025