Pension Fund Statistics – Q4 2021

Publication Date: March 30 2022

Key Points

  • Total assets of the Irish pension fund sector grew by 4 per cent over Q4-2021 to stand at €135.5 billion. Increases in pension fund reserves (€2.8 billion) and investment fund shares (€1.9 billion) accounted for the majority of asset growth. [1]
  • Irish pension funds directly held debt securities worth €15.8 billion at the end-Q4 2021, of which €12.2 billion were government bonds. The primary issuer country for these bonds was France (€4.2 billion). Followed by Germany (€2.0 billion), Ireland (€1.6 billion) and Spain (€1.3 billion).[2]
  • Direct holdings of investment funds stood at €50.9 billion at end-Q4 2021. The two main investment fund types are Equity funds (32.4%) and Bond funds (31.9%). Other funds (17.6%) saw the largest growth over the quarter, increasing by €1.9 billion.

[1] Under ESA 2010 statistical classifications, unit-linked insurance products (ULIPs) are captured under the term Pension fund reserves. In Ireland, Pension fund reserves are primarily composed of ULIPs.

[2] Data relates to detailed reporting population covering approximately 75 per cent of assets in the sector

 

 

Summary Charts

Chart 1: Total assets of Irish pension funds by instrument type

Total assets of Irish pension funds by instrument type

Chart 2: Irish pension funds’ direct holdings of government bonds, by country of issuance – Q4 2021

Irish pension funds’ direct holdings of government bonds, by country of issuance – Q4 2021

Notes: Data relates to detailed reporting population covering approximately 75 per cent of assets in the sector.

*EFSF (European Financial Stability Facility), EIB (European Investment Bank)

Chart 3: Non-MMF Investment fund shares breakdown - Q4 2021

Non-MMF Investment fund shares breakdown - Q4 2021

 

Further Information

Explanatory Notes - Pension Fund Statistics | pdf 281 KB Pension Fund Statistics | xls 31 KB