Pension Fund Statistics – Q1 2021

Publication Date: 1 July 2021

Key Points

  • Total asset values of the Irish pension fund sector grew by 1 per cent over Q1-2021 to stand at €127.5 billion. Increases in pension fund reserves (€1.18 billion), equity (€370 million) and financial derivatives (€323 million) accounted for the majority of asset growth. [1] Pension fund reserves continue to be the largest asset holding of Irish pension funds, standing at €50.41 billion.      
  • Total liabilities at end-Q1 2021 stood at €136.1 billion. The sector has remained in deficit over the course of the series, with the total liabilities exceeding assets for defined benefit pension funds.    
  • Total memberships of the sector were 1.37 million at end-2020. This can be broken down across 578,000 active members, 690,000 deferred members and 103,000 retired members. [2] The total number of members under DB and DC pension funds are split at 46 per cent (625,000) and 54 per cent (745,000), respectively.


[1] Pension fund reserves are primarily composed of unit linked insurance products.

[2] An active member is a pension scheme member who is making contributions and is accumulating assets or has accrued assets in the past and is not yet retired. A deferred member is a pension scheme member who no longer contributes to or accrues benefits from the scheme but has not yet begun to receive retirement benefits from that scheme. A retired member is a pension scheme member who no longer contributes to or accrues benefits from the scheme and has begun to receive retirement benefits from that scheme.

Summary Charts

Chart 1: Total assets of Irish pension funds by instrument type - Q1 2021

Total assets of Irish pension funds by instrument type - Q1 2021

 Chart 2: Total Assets and Liabilities of Irish Pension Funds

Total Assets and Liabilities of Irish Pension Funds

 Chart 3: Membership breakdown for Irish Pension Funds at end-2020

Membership breakdown for Irish Pension Funds at end-2020

Further Information

Explanatory Notes - Pension Fund Statistics | pdf 273 KB Pension Fund Statistics | xls 29 KB