Global pension assets rise to new record in 2010

Global pension assets rose 12% year-on-year to hit a record $26.5 trillion in 2010, with Brazil growing fastest in the past decade relative to weightings followed by Australia, finds a Towers Watson study. Last year saw pension assets increase in 11 of the 13 major markets covered by the study, with Ireland and France the outliers. In terms of total assets, Australia has overtaken Canada to stand fourth in this list at $1.26 trillion, behind the US ($15.26 trillion), Japan ($3.47 tril…