Top 300 World’s Largest Pension Funds, 2011



The following data are as of end 2010. Two (2) Malaysia’s pension funds namely Employees Provident Funds (EPF) and Kumpulan Wang Persaraan (KWAP) listed in top 300 world’s largest pension funds.

EPF jump from 19th spot in 2010 to 9th spot in 2011 with total assets grew from $109 billion to $146 billion. EPF even overtaking Singapore’s fund, Central Provident Fund

KWAP, Malaysian second largest pension fund is at number 139 up to nine spots from 148 in 2010. Total assets grow from $19 billion to $22 billion.

The table below is the full top 300 World’s Largest Pension Funds for 2011.

Rank Fund Country Total Assets
1 Government Pension Investment Japan $1,432,122
2 Government Pension Fund-Global Norway $550,858
3 ABP Netherlands $318,807
4 National Pension Korea $289,418
5 Federal Retirement Thrift U.S. $264,013
6 California Public Employees U.S. $214,387
7 Local Government Officials Japan $189,633
8 Canada Pension Canada $149,142
9 Employees Provident Fund Malaysia $145,570
10 Central Provident Fund Singapore $144,844
11 California State Teachers U.S. $138,888
12 New York State Common U.S. $133,023
13 PFZW Netherlands $133,002
14 National Social Security China $129,789
15 GEPF South Africa $128,232
16 Pension Fund Association Japan $124,987
17 ATP Denmark $123,757
18 Florida State Board U.S. $123,373
19 New York City Retirement U.S. $115,204
20 Ontario Teachers Canada $108,148
21 National Public Service Japan $103,904
22 General Motors U.S. $101,541
23 Texas Teachers U.S. $100,280
24 Previ Brazil $92,036
25 National Wealth Fund Russia $88,278
26 Fondo de Reserva Seguridad Spain $86,042
27 IBM U.S. $83,095
28 New York State Teachers U.S. $80,324
29 Boeing U.S. $79,411
30 Wisconsin Investment Board U.S. $77,812
31 Public School Employees Japan $77,660
32 AT&T U.S. $76,183
33 North Carolina U.S. $75,314
34 Alecta Sweden $74,083
35 Future Fund Australia $73,420
36 Ohio Public Employees U.S. $72,157
37 New Jersey U.S. $70,803
38 Bayerische Versorgungskammer Germany $65,360
39 Washington State Board U.S. $61,637
40 Ohio State Teachers U.S. $61,007
41 General Electric U.S. $60,843
42 Employees’ Provident India $60,078
43 BT Group U.K. $58,033
44 Royal Dutch Shell Netherlands $56,021
45 Oregon Public Employees U.S. $55,216
46 Organization for Workers Japan $53,938
47 Ontario Municipal Employees Canada $53,653
48 Michigan Retirement U.S. $52,334
49 Virginia Retirement U.S. $52,251
50 Universities Superannuation U.K. $50,300
51 Ford Motor U.S. $50,153
52 Metaal/tech. Bedrijven Netherlands $49,855
53 Georgia Teachers U.S. $49,613
54 FRR France $49,454
55 California University U.S. $48,294
56 Minnesota State Board U.S. $48,206
57 AMF Pension Sweden $48,042
58 Pennsylvania School Empl. U.S. $47,616
59 Public Institute for Social Security Kuwait $46,851
60 Lockheed Martin U.S. $45,887
61 Massachusetts PRIM U.S. $45,876
62 Verizon U.S. $45,232
63 PFA Pension Denmark $44,986
64 Varma Finland $44,362
65 AFP Provida Chile $44,066
66 Royal Mail U.K. $43,164
67 Quebec Government & Public Canada $41,624
68 Private Schools Employees Japan $41,489
69 Labor Pension Fund Taiwan $41,475
70 Lloyds TSB Group U.K. $41,132
71 Electricity Supply Pension U.K. $39,913
72 United Nations Joint Staff U.S. $39,788
73 Bouwnijverheid Netherlands $39,247
74 Alcatel-Lucent U.S. $39,190
75 Northrop Grumman U.S. $38,669
76 Colorado Employees U.S. $38,464
77 Local Government Pensions Finland $38,284
78 Australian Super Australia $37,773
79 AFP Habitat Chile $37,140
80 Public Service Pension Plan Canada $36,429
81 Hospitals of Ontario Canada $35,921
82 Los Angeles County Empl. U.S. $35,789
83 Bundes Pensionskasse Switzerland $35,619
84 Royal Bank of Scotland Group U.K. $35,572
85 Bank of America U.S. $34,846
86 AP Fonden 3 Sweden $34,573
87 Tennessee Consolidated U.S. $34,372
88 Maryland State Retirement U.S. $34,309
89 Quebec Pension Canada $34,090
90 Illinois Teachers U.S. $33,195
91 Ilmarinen Finland $33,168
92 AFP Capital Chile $33,003
93 State Super Australia $32,582
94 AP Fonden 2 Sweden $32,448
95 AP Fonden 1 Sweden $32,409
96 British Coal Pension Schemes U.K. $32,117
97 PME Netherlands $31,806
98 Petros Brazil $31,684
99 QSuper Australia $31,511
100 AP Fonden 4 Sweden $31,316
101 United Technologies U.S. $31,203
102 National Pensions Reserve Ireland $31,009
103 AFP Cuprum Chile $29,534
104 BVV Germany $29,090
105 UniSuper Australia $28,238
106 Wells Fargo U.S. $27,914
107 Railways Pensions U.K. $27,835
108 Barclays Bank U.K. U.K. $27,473
109 Exxon Mobil U.S. $27,400
110 National Pension Association Japan $27,380
111 United Parcel Service U.S. $27,235
112 B.C. Municipal Canada $27,154
113 Banamex Mexico $26,856
114 Pennsylvania Employees U.S. $26,388
115 Teamsters, Western Conf. U.S. $26,287
116 FUNCEF Brazil $26,285
117 Alabama Retirement U.S. $26,214
118 Sampension Denmark $25,735
119 PensionISSSTE Mexico $25,362
120 Missouri Public Schools U.S. $25,277
121 South Carolina Retirement U.S. $25,198
122 Arizona State Retirement U.S. $25,083
123 Chrysler Group U.S. $25,063
124 Mitsubishi UFJ Financial Japan $24,864
125 Nippon Telegraph & Telephone Japan $24,292
126 BP U.K. $24,280
127 National Grid U.K. $23,937
128 British Airways U.K. $23,879
129 JPMorgan Chase U.S. $23,842
130 National Railroad U.S. $23,809
131 Bancomer Mexico $23,708
132 Raytheon U.S. $23,675
133 Zilverfond Belgium $23,561
134 Illinois Municipal U.S. $23,537
135 Connecticut Retirement U.S. $23,422
136 DuPont U.S. $23,376
137 ING St. Psf. Netherlands $23,209
138 Texas Employees U.S. $23,116
139 Retirement Fund-KWAP Malaysia $23,039
140 Nevada Public Employees U.S. $22,733
141 Bae Systems Pension Scheme U.K. $22,732
142 HSBC Bank U.K. $22,236
143 UBS Switzerland $22,132
144 BVK des Kantons Zurich Switzerland $22,127
145 Utah State Retirement U.S. $21,888
146 Chevron U.S. $21,694
147 ING Mexico $21,644
148 FedEx U.S. $21,567
149 Panasonic Japan $21,512
150 Unilever U.K. $21,351
151 Nestle Switzerland $21,185
152 Iowa Public Employees U.S. $21,142
153 Hewlett-Packard U.S. $20,910
154 First State Super Australia $20,853
155 Kaiser U.S. $20,777
156 BASF Germany $20,351
157 Honeywell U.S. $20,230
158 Mississippi Employees U.S. $19,970
159 Aria Australia $19,797
160 REST Australia $19,580
161 Novartis Switzerland $19,265
162 Teamsters, Central States U.S. $19,081
163 Citigroup U.S. $19,080
164 State Farm U.S. $19,030
165 PensionDanmark Denmark $18,797
166 Siemens Germany $18,778
167 3M U.S. $18,657
168 State Pension Finland $18,628
169 Rabobank Netherlands $18,437
170 Phillips Netherlands $18,186
171 Migros-Genossenschafts-Bund Switzerland $18,033
172 American Airlines U.S. $17,929
173 Local Authorities Pension Board Canada $17,749
174 Alaska Retirement U.S. $17,709
175 Sunsuper Australia $17,642
176 Texas Municipal Retirement U.S. $17,578
177 AkzoNobel U.K. $17,539
178 Procter & Gamble U.S. $17,502
179 Hesta Australia $17,307
180 ABN AMRO Netherlands $17,304
181 Greater Manchester U.K. $17,175
182 Dow Chemical U.S. $17,164
183 Pfizer U.S. $17,145
184 B.C. Public Service Canada $17,130
185 British Steel Pension Scheme U.K. $17,057
186 Strathclyde Pension Fund U.K. $16,994
187 Shell Oil U.S. $16,978
188 Public Sector Pension Fund Taiwan $16,908
189 ESSSuper Australia $16,836
190 Zenkoku Shinyo Kinko Japan $16,830
191 Construction & Building Super Australia $16,746
192 B.C. Teachers Canada $16,744
193 Profuturo GNP Mexico $16,708
194 Texas County & District U.S. $16,651
195 Industriens Pension Denmark $16,641
196 Caterpillar U.S. $16,491
197 United Methodist Church U.S. $16,145
198 Prudential U.S. $16,111
199 VBL Germany $16,039
200 Delta Air Lines U.S. $16,020
201 San Francisco City & County U.S. $15,961
202 Government Pension Fund Thailand $15,901
203 Hitachi Japan $15,713
204 Johnson & Johnson U.S. $15,602
205 Canada Post Canada $15,464
206 Canadian National Railways Canada $15,178
207 AP Fonden 7 Sweden $15,031
208 Mizuho Financial Group Japan $14,977
209 Indiana Public Employees U.S. $14,968
210 Bell Canada Canada $14,920
211 Spoorwegpensioenfonds Netherlands $14,900
212 Deutsche Bank Germany $14,804
213 PG&E U.S. $14,685
214 Grafische Bedrijven Netherlands $14,676
215 Telmex Mexico $14,622
216 Ontario Pension Board Canada $14,618
217 Aviva U.K. $14,595
218 Toyota Motor Japan $14,576
219 Credit Suisse Switzerland $14,353
220 Hydro-Quebec Canada $14,307
221 PK Post Switzerland $14,223
222 Koch Industries U.S. $14,219
223 Porvenir Colombia $14,116
224 Kentucky Teachers U.S. $14,103
225 SBB Pensionskasse Switzerland $13,940
226 Zurich Financial Services Switzerland $13,791
227 BBC U.K. $13,776
228 Illinois State Universities U.S. $13,759
229 Georgia Employees U.S. $13,702
230 Merck U.S. $13,589
231 Wal-Mart Stores U.S. $13,546
232 City of Zurich Switzerland $13,457
233 General Dynamics U.S. $13,448
234 GlaxoSmithKline U.K. $13,436
235 Los Angeles Fire & Police U.S. $13,435
236 BP America U.S. $13,360
237 Laegernes Pensionskasse Denmark $13,328
238 Deere U.S. $13,326
239 OPSEU Canada $13,297
240 Baden-Wurttembergische Germany $13,126
241 World Bank U.S. $13,110
242 West Midlands Metropolitan U.K. $13,096
243 West Yorkshire U.K. $13,096
244 Allianz Germany $13,072
245 Inbursa Mexico $13,032
246 Nordrheinische Ärzteversorgung Germany $13,030
247 National Electric U.S. $13,014
248 Labor Insurance Fund Taiwan $12,926
249 Illinois State Board U.S. $12,915
250 FEFSS Portugal $12,882
251 Magistrenes Pensionskasse Denmark $12,802
252 Daimler Germany $12,754
253 Super SA Australia $12,720
254 RWE Germany $12,706
255 Tapiola Mutual Pension Ins. Finland $12,706
256 Protección Colombia $12,632
257 Louisiana Teachers U.S. $12,278
258 Kansas Public Employees U.S. $12,275
259 Rolls-Royce U.K. $12,134
260 Exelon U.S. $12,073
261 International Paper U.S. $11,998
262 Federal Reserve Employees U.S. $11,890
263 Tokyo Municipal Government Japan $11,825
264 ConocoPhillips U.S. $11,783
265 New York State Def. Comp. U.S. $11,757
266 Quebec Construction Industry Canada $11,708
267 Government Service Insurance Philippines $11,645
268 GESB Australia $11,628
269 Fonds de Comp./Securite Sociale Luxembourg $11,613
270 Air Canada Canada $11,608
271 MetLife U.S. $11,532
272 New Mexico Public Empl. U.S. $11,472
273 Verboer Netherlands $11,460
274 Telstra Super Australia $11,419
275 AerzteVersorgung Westfalen Lippe Germany $11,415
276 Hoffman La Roche Switzerland $11,410
277 Eastman Kodak U.S. $11,403
278 Siemens (USA) U.S. $11,300
279 Fujitsu Japan $11,154
280 Idaho Public Employees U.S. $11,039
281 PepsiCo US $11,038
282 Ohio Police & Fire U.S. $11,028
283 Qwest U.S. $11,007
284 NPF Gazfond Russia $10,966
285 Sygeplejersker Denmark $10,950
286 Kentucky Retirement U.S. $10,947
287 Kraft Foods U.S. $10,939
288 Sumitomo Mitsui Financial Group Japan $10,879
289 XXI Mexico $10,728
290 Pensionskasse/Basel Staats Switzerland $10,654
291 Teachers’ Pension Korea $10,654
292 Hawaii Employees U.S. $10,583
293 New Zealand Superannuation New Zealand $10,553
294 Abbott Laboratories U.S. $10,509
295 Arkansas Teachers U.S. $10,400
296 Alcoa U.S. $10,287
297 Vale Brazil $10,230
298 Banco Santander (U.K.) U.K. $10,181
299 Lonmodtagernes Dyrtidsfond Denmark $10,152
300 Southern Co. U.S. $10,127


Source : Towers Watson


Leave a Comment

  • kampunginvestor 23rd September, 2011, 1:33 am

    Wah, our EPF in the top 10 in the world. Not bad eh? ^^

    Reply
  • zamri 23rd September, 2011, 4:06 pm

    So many private sector in US has their own pension saving for their employees…but what happen to malaysian? Aside from EPF and KWSP, why not we have multinational company pension fund like PETRONAS,CIMB,MAYBANK,AIRASIA.
    No wonder why malaysian professional preferred to work abroad.

    Reply
  • farrah zeman 11th July, 2012, 2:27 pm

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    Reply