As of 2025, Norway’s Government Pension Fund Global has overtaken Japan’s GPIF as the world’s largest pension fund by assets after the GPIF held the top spot for over 20 years. :
The world’s top 300 pension funds saw assets fall by the largest amount in 20 years in 2022, a drop of (roughly $20.6 trillion). World’s Largest Pension Fund Lost the Equivalen...
In March 2026, the deficit for major public pension plans increased by in a single month. Shift in Rankings : As of 2025, Norway’s Government Pension Fund Global