Investment Rating - The report indicates a positive investment rating for the pension index across all major regions in the fourth quarter of 2025, with notable increases in the pension index driven by positive investment returns and decreases in liabilities in most regions [1][3]. Core Insights - The Global Pension Finance Watch highlights the impact of capital market performance on defined benefit pension plan financing, emphasizing the importance of monitoring pension funded status and financial metrics for informed business decisions [2][5]. - The WTW Pension Index reflects the ratio of market value of assets to projected benefit obligations (PBO) for benchmark plans, showing significant increases in the index across various regions [3][60]. - Positive investment returns were observed across all countries in Q4 2025, contributing to the overall increase in pension indices [15][22][26][30][34][38][42][46]. Summary by Region Brazil - The pension index increased by 0.2% in Q4 2025, with investment returns of 3.9% and a liability growth factor of 3.7% [3][22]. Canada - The pension index rose by 2.2% in Q4 2025, with investment returns of 1.2% and a liability decrease of 1.0% [3][26]. Eurozone - The pension index increased by 5.8% in Q4 2025, with investment returns of 2.6% and a liability decrease of 2.9% [3][30]. Japan - The pension index saw a 7.2% increase in Q4 2025, with investment returns of 2.5% and a liability decrease of 4.5% [3][34]. Switzerland - The pension index increased by 3.3% in Q4 2025, with investment returns of 1.3% and a liability decrease of 1.9% [3][38]. United Kingdom - The pension index rose by 0.2% in Q4 2025, with investment returns of 5.6% and a liability increase of 5.4% [3][42]. United States - The pension index increased by 2.8% in Q4 2025, with investment returns of 2.1% and a liability decrease of 0.6% [3][46].