Gulf pension funds seen to hit $5trn | Economy | Saudi Gazette:
"Arabian Gulf pension funds are expected to double to $5 trillion by 2020 as regional governments plan for the retirement of their burgeoning populations, reflecting an annual growth of about 8.8 percent from 2012 to the end of the decade, PricewaterhouseCoopers (PwC) said in its report.
Assets under management held for public service employees from the UAE, Qatar, Oman, Saudi Arabia and Kuwait stood at a total of $2.4tn in 2012, according to PwC.
By comparison, UK government pension funds stood at £171 billion in 2012, while corporate funds stood at £1tn in the same period, according to data from the Investment Management Association."
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