UK: Pensions and Investment News and Analysis
Latest news and analysis of pensions, asset management, regulation and trends in the United Kingdom from our award-winning journalists.
Pension Funds in the UK - Country Report
UK Country Report 2024: Is buyout still the gold standard for pension funds?
Improved funding positions mean more DB schemes are considering run-on rather than off-loading their liabilities
TOP UK PENSION FUNDS 2023
Pension fund/entity | Assets (€’000)
- Universities Superannuation Scheme | 85,779,025
- Rothesay Life | 53,470,058
- Pension Insurance Corporation | 46,262,541
- BT Group plc | 44,971,289
- National Westminster Bank | 42,464,474
©IPE Research; See IPE’s Top 1000 Pension Funds for the full ranking
Key fund data for UK
Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022
LGPS Central appoints Longview Partners as global equity manager
Longview joins the existing managers Harris, Schroders, and Union
UK pension schemes endorse call for policy shift to combat climate change
The call is endorsed by 35 pension schemes with assets totalling £84bn
UK regulator clarifies capital release expectations for superfunds
The market is expected to operate on the updated guidance ‘for some time’ before legislation passes
Universities Superannuation Scheme reports £9.2bn DB surplus
The value of the DB fund increased by £1.7bn over the year to 31 March 2024
TPR reaches agreement with ITV after lengthy legal battle
Box Clever members are expected to receive full benefits following an in-principle deal agreed between TPR and ITV
TOP MANAGERS: UK INSTITUTIONAL ASSETS
Company | Assets (€m)
- Legal & General Investment Mngt. | 817,085
- BlackRock | 744,072
- Insight Investment | 514,576
- Abrdn | 228,230
- Schroders Investment Management | 219,358
- Aviva Investors | 216,445
- State Street Global Advisors | 209,020**
- JPMorgan Asset Management | 116,988*
- Goldman Sachs Asset Management | 75,557***
- M&G Investment Management | 61,013****
As at 31.12.23, *29.2.24, **31.3.24, ***09.4.24, ****30.6.23
©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report
IPE BEST PENSION FUND IN THE UK AWARD WINNERS
- 2023 - Pension Protection Fund
- 2022 - Greater Manchester Pension Fund | Pension Protection Fund
- 2021 - BTPS
- 2020 - Environment Agency Pension Fund
- 2019 - Pension Protection Fund
Interviews
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Why the green transition throws up workforce and pension challenges
Pensions are a hot topic in corporate Germany, where skills shortages and an ageing workforce have led to a war for talent, as well as a renaissance in occupational retirement provision in the fight for workforce skills.
LGPS Central appoints Longview Partners as global equity manager
Longview joins the existing managers Harris, Schroders, and Union
UK pension schemes endorse call for policy shift to combat climate change
The call is endorsed by 35 pension schemes with assets totalling £84bn
UK regulator clarifies capital release expectations for superfunds
The market is expected to operate on the updated guidance ‘for some time’ before legislation passes
Universities Superannuation Scheme reports £9.2bn DB surplus
The value of the DB fund increased by £1.7bn over the year to 31 March 2024
TPR reaches agreement with ITV after lengthy legal battle
Box Clever members are expected to receive full benefits following an in-principle deal agreed between TPR and ITV
Railpen takes ‘holistic approach’ to external managers
Scheme wants any external managers to look at mandates in the context of a wider growth fund or pooled fund rather than a standalone mandate
UK government announces ‘landmark’ pensions review
Chancellor of the exchequer, Rachel Reeves, says the review is set to boost investment, increase pension pots and tackle waste in the UK pensions system
‘Immediate changes’ to reduce UK Stewardship Code reporting burden
Financial Reporting Council provides update following first stage of ‘fundamental review’ of Code
Smart Pension publishes blueprint for implementation of key policies
Smart Pension outlined key actions for new UK government to ensure the financial security of savers in retirement
Border to Coast seeks manager for £6.8bn global equity alpha fund
The investment pool is looking for a manager that is philosophically aligned with growth investing and can identify emerging structural growth opportunities
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