The global pension fund sector in 2024 operated at the intersection of long-term responsibility and short-term economic pressures. High inflation, volatile markets, and shifting demographic trends challenged funds to deliver steady returns while maintaining intergenerational equity.
According to a report by Mercer, pension funds globally have been rebalancing their portfolios to reduce exposure to underperforming assets and increase resilience in the face of economic shocks. A major theme this year was the acceleration of sustainable investing.
The PRI reported that over 90 percent of signatories now incorporate ESG factors into investment analysis and decision-making. At the same time, regulatory expectations have grown more complex. Funds are under pressure to improve transparency, address climate risk disclosures, and demonstrate alignment with international sustainability goals.
Technology, too, is transforming how funds manage risk, communicate with beneficiaries, and track performance. Despite these challenges, this year’s winners of the World Finance Pension Fund Awards 2025 have demonstrated outstanding leadership in the sector.
Best Pension Funds in 2025, by country
Australia
Unisuper
Austria
VAPK Pensionakasse
Azerbaijan
State Social Protection Fund of Azerbaijan
Belgium
Anheuser-Busch InBev Nv
Bolivia
BISA Seguros y Reaseguros
Brazil
Bradesco Seguros
Canada
Public Service Pension Plan (Federal)
Caribbean
Scotia Investments Jamaica
Chile
AFP Capital (SURA Asset Management)
Colombia
Grupo Sura
Croatia
PBZ Croatia Osiguranje
Czech Republic
CSOB
Denmark
Danica Pension
Estonia
Swedbank
Finland
IImarinen
France
AG2R La Mondiale
Germany
Bosch Pensionsfonds
Ghana
Pensions Alliance Trust
Greece
Piraeus Asset Management
Iceland
Lifeyrissjoour Verzlunarmanna
Indonesia
BNI
Italy
Arca Fondi SRG
Jamaica
Scotia Investments Jamaica
Macedonia
Sava Penzisko
Malaysia
Gibraltar BSN
Mexico
Afore XXI Banorte
Netherlands
PGGM
Nigeria
Fidelity Pension Managers
Norway
Oslo Pensjonforsikring
Peru
AFP Habitat
Poland
PKO BP Bankowy
Portugal
SBPI Vida e Pensoes
Serbia
Dunav Voluntary Pension Fund
South Africa
Sentinel Retirement Fund
Spain
VidaCaixa
Sweden
KPA Pension
Switzerland
Publica
Thailand
Kasikorn Asset Management
Turkey
TEB Asset Management
US
NYC Board of Education Pension Fund
