In Africa, pension systems and the asset management industry are increasingly seen as an important tool to build inclusive, resilient and sustainable economies. They are there to protect the welfare of ageing populations, but they also help to mobilise long-term capital for development.

This report presents the findings of a continent-wide assessment of pension systems and the asset management industry. Commissioned by FSD Africa, in partnership with the African Pension Supervisors Association (APSA) and the Pan-African Fund Managers’ Alliance (PAFMA), it looks at structural challenges and ways to encourage the growth, inclusivity and sustainability of the two sectors. It also provides recommendations for stakeholder action, to help African pension and asset management systems reach their potential.