According to the OECD’s “Pension Markets in Focus – Preliminary 2023 Data” report, pension assets grew by more than 8% in the OECD and by more than 14% in a group of 33 non-OECD countries in 2023, partially offsetting losses in value in 2022. However, total pension assets in the OECD remain lower than at the end of 2021, as investment gains in 2023 were insufficient to fully offset losses incurred in 2022 in some of the larger pension markets.