Asian Retirement Markets 2022

Weaving Stable Safety Nets

Grow Retirement Assets in Asia

  • Evaluate the development of third-pillar retirement in various markets
  • Assess the adoption of environmental, social, and governance (ESG) by pension institutional investors
  • Understand how retirement investments will be managed in a post-pandemic era


Discounts available for bulk purchase

US Broker Dealer Marketplace 2020 Details

Buy Now

Manni Huang

Manni Huang

Associate Director, Account Management, Asia


Evaluate the Asia-Pacific retirement sector in Australia and key North Asian and Southeast Asian markets. The report examines the current state of the retirement industry and regulatory developments in each market. It also explores the opportunities and challenges faced by asset managers in terms of product development and outsourcing opportunities, from both the retail and institutional perspectives.

Included with Purchase

Light bulb


Each report is lead authored by a senior Cerulli analyst with significant industry experience. The report incorporates qualitative and quantitative inputs, based on Cerulli’s proprietary research process. For more on our research process, click here.


Executive Summary

Get the most important report findings distilled in an easy-to-understand and highly visual format before you begin your journey through the report or use it as a tool for senior leadership.


Interactive Report Dashboard

Access consolidated data from multiple report exhibits in a single comparative view. Flexibly build your view of data with customizable filters and share the results in a format that meets your requirements.

Person headset

Analyst Support

Got a question? Our analysts are available to help you interpret and analyze key findings as well as provide their perspective on industry trends.

Bar chart

Data Behind the Report

Data is the foundation of our reports. Each study contains nearly 100 exhibits, available to buyers in Excel format. Extract and explore Cerulli’s data and analysis your way.


Digital Access

Access your reports digitally anytime, anywhere, on any device through our client portal.

A Note from the Author

China Develops its Third Pillar

Ken Yap, CFA

Ken Yap, CFA

Managing Director, Asia

Bio →

Ken Yap, CFA

Ken Yap, CFA

Managing Director, Asia

Ken Yap is managing director of Cerulli’s Asia Pacific office. He oversees Cerulli’s business development strategy and research initiatives in the region. For more than 20 years, Ken has worked with asset managers, distributors, and financial institutions, identifying expansion opportunities with his deep knowledge of the market. He specializes in product development and market entry strategies into Asia’s established and emerging markets.

Prior to leading the Singapore office, Ken covered local and global asset management and distribution trends in Cerulli’s London and Boston offices. Before joining Cerulli, Ken was a consultant at Analysys’ Cambridge office in the U.K.

Full biography here.

Retirement income insecurity is a serious problem for many Asian countries. With dwindling working-age populations, many markets might need to roll out various third-pillar products and schemes to encourage voluntary retirement savings.

Of the private or retail retirement markets in Asia ex-Japan, China has been the most active recently. In April 2022, China launched its third-pillar private pension scheme, allowing participants to invest in multiple pension investment products, including deposits, bank wealth management products, mutual funds, and other financial products through individual accounts.

This is creating opportunities for diverse financial services providers, including fund managers. More importantly, the success of these efforts could set an example of how other markets can provide retirement security by opening up their private retirement markets to more schemes, products, and providers.

Cerulli’s latest report, Asian Retirement Markets 2022—Weaving Stable Safety Nets, assesses the retirement landscape in Australia, Japan, North Asian, and Southeast Asian markets. As the region faces a fast-aging population, Cerulli believes there are opportunities for asset managers to offer unique propositions to pension funds or the under-developed third pillar to help fill the retirement income gap and ensure asset sustainability for future payouts.

You may also be interested in

  • Annual report
  • The Cerulli Edge
Consulting Page module Rocket 120820

Strategic Consulting & Custom Research

Cerulli for Consulting

Understand where to allocate resources to achieve your objectives. We can help you determine which initiatives are likely to be successful and those that may not achieve the desired effect. In an increasingly competitive market, our objectivity and experience can help you to advance your firm’s unique strengths.

Learn more

We use cookies to improve your site experience, distinguish you from other users and support the marketing of our services. These cookies may store your personal information. By continuing to use our website, you agree to the storing of cookies on your device. For more information, please visit our Privacy Notice.