The aging population trend in the global pension system need to promote “public-private integration” of multiple power support

Allianz Group’s latest research report shows that despite the global financial crisis, by 2020, global pension market is still expected to grow 66%, the average annual growth rate of 4.7%; pension from the current total assets of 22 trillion is expected to euros to 36 billion Euro. Emerging markets in Asia and Central and Eastern Europe the fastest growth rate of the pension assets.

According to the company by 2020, total assets in emerging markets in Asia will reach 2.2 trillion euros. Among them, China’s pension assets in 2020 is expected to reach 1.2 trillion euros, the annual compound growth rate of 20%, far exceeding the global average growth rate. Allianz Group International Pension Dr. Brigitte Miksa, Head said: “We expect the growth of retirement savings will be in Europe, Asia Pacific and U.S. monetary wealth, the driving force of development.”

Allianz Group believes that the global changes in population structure of great importance, is one of today’s major trends in social change, will in the future in many areas, such as pension, medical, education or the formation of capital markets and other major challenges.

The report also shows that the pension assets in the global market distribution gap. 2009 global pension assets of 22 trillion euros, the United States accounted for half of 50.5%, followed by the United Kingdom accounted for 11.5%. Western Europe, slightly higher than 20% of total assets, Australia and Japan each accounted for 3%. In the emerging markets of Asia and Eastern Europe were 1.8% and 0.4% to account for a small share.

2020, although only 3.6% compound annual growth rate, the U.S. will still dominate the global market for annuities, the net growth rate in the Western European countries today will still be equivalent to the sum of the pension.

Trend of population aging rapidly spread around the world, the existing pension system for countries caused widespread shock, emerging markets in Asia face serious challenges.

With increased life expectancy, high fertility rates with the traditional Asian industrialization and urbanization began to decline rapidly, including China, Hong Kong, Singapore, South Korea and China Taiwan and other emerging markets rapidly into an aging, one of the world 2050 the highest proportion of elderly population in the society columns.

The situation is equally bleak in China, according to the Allianz Group released the second quarter of 2010, “the report changes in the population,” predicted that by 2019 China will appear the labor force deficit. The traditional pension model from the Asian point of view, the main source of income after retirement, the family supply.

Pension assets in Asia, although growing rapidly, but by 2020 the total pension of emerging markets in Asia accounted for only about 6% of the global market, just the end of 2008 the British equivalent of the level.

The face of an aging population to the pension system, the pressure, the market is the emergence of a global consensus that the best social pension system is sustainable public pension spending and a strong combination of business and personal expenses, the only way ” public and private integration “in order to better spread the risks.

These fundamental, long-term trends are likely sources of the future a significant impact on pension income. Dr. Miksa said: “The retirement pension for the future well prepared to create diversified sources of pensions is essential. Personal challenge is to develop a variety of sources, overall retirement pension plan. Financial service providers business if they can keep abreast of the needs of these customers in the basic money management services, and then provide a full range of consulting services will grow from the global pension assets to get greater benefits. “

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