UK: Pensions and Investment News and Analysis
Since coming into power, the Labour government has been busy working to deliver promises made in its manifesto. One was a Pensions Review, which was announced in August. While this was widely welcomed by the industry, the choice to reserve the power to influence investment decision continues to be met with criticism. Meanwhile a second part of the review, which focuses on pensions adequacy, has been criticised for taking too long.
Pension Funds in the UK - Country Report
UK country report 2025: Defined benefit pension schemes face surplus unlock dilemma
Defined benefit pension schemes could face some tough decisions on how to deal with surpluses if planned legislative changes to ease access come into effect
TOP UK PENSION FUNDS 2024
Pension fund/entity | Assets (€’000)
- Universities Superannuation Scheme | 91,362,766
- Rothesay Life | 70,498,261
- Pension Insurance Corporation | 54,006,590
- NEST | 46,870,083
- BT Group plc | 42,725,412
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview
Fenwick pension schemes complete £113m buy-in deals with Aviva
The transactions secure all remaining benefits for members of the Fenwick Limited Superannuation Fund and the Fenwick Senior Executive Pension Fund
Industry model seen as most cost-effective route to small pots consolidation
Pensions UK conducted research on the technical feasibility of delivering the government’s preferred Multiple Default Consolidator (MDC) model
UK government set to scrap PPF administration levy
UK pensions minister Torsten Bell confirmed plans to abolish the Pension Protection Fund administration levy
Ultra Electronics Pension Scheme completes £250m buy-in with Just Group
The transaction secures the benefits of over 1,000 pensioners and dependants, as well as over 750 deferred members for the UK-based defence and security company
Launch of UK transition finance group delayed after industry fails to offer up suitable chair
The Transition Finance Council said 40 organisations had already expressed an interest in joining the new working group
NEST sees bond opportunities amid UK fiscal uncertainty
Liz Fernando, NEST’s CIO, says she was ‘slightly surprised how resilient the equity market has been’
Former chair of Merchant Navy Officers Pension Fund passes away
Peter McEwen was chair of trustees for 15 years until his retirement in 2014
Productive asset investment is lacking urgency, UK conference delegates hear
There has to be an incentive for CIOs to allocate to riskier assets, BVCA summit delegates are told
UK government urged to act on tax and pensions to boost domestic investment
Research by the British Private Equity and Venture Capital Association shows private capital investors believe the UK remains an attractive place to invest
LGPS, investment pools back strategic framework based on place-based investing
Report sets out key recommendations on how LGPS can channel their capital to support local growth plans
TOP MANAGERS: UK INSTITUTIONAL ASSETS
Company | Assets (€m)
- BlackRock | 827,510
- L&G Asset Management | 782,430
- Insight Investment | 482,937
- Schroder Investment Management | 217,864
- Aberdeen Investments | 219,358
- State Street Global Advisors | 187,754*
- Aviva Investors | 173,518
- JPMorgan Asset Management | 124,059**
- Mercer | 74,098*
- Goldman Sachs Management | 66,631
As at 31.12.24, *31.3.25, **28.2.25
©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
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Viewpoint: UK pension reform promises hang on data innovation
But it will fall to industry to address the grim state of pensions portability, says Max Lack of Heka Global
UK defined contribution pension schemes sign up to Mansion House II
Labour’s ‘Mansion House Accord’ has secured commitments from 17 of the largest workplace DC providers to invest 10% of their default funds into private markets by 2030, with 5% of the total allocated to the UK.
Fenwick pension schemes complete £113m buy-in deals with Aviva
The transactions secure all remaining benefits for members of the Fenwick Limited Superannuation Fund and the Fenwick Senior Executive Pension Fund
Industry model seen as most cost-effective route to small pots consolidation
Pensions UK conducted research on the technical feasibility of delivering the government’s preferred Multiple Default Consolidator (MDC) model
UK government set to scrap PPF administration levy
UK pensions minister Torsten Bell confirmed plans to abolish the Pension Protection Fund administration levy
Ultra Electronics Pension Scheme completes £250m buy-in with Just Group
The transaction secures the benefits of over 1,000 pensioners and dependants, as well as over 750 deferred members for the UK-based defence and security company
Launch of UK transition finance group delayed after industry fails to offer up suitable chair
The Transition Finance Council said 40 organisations had already expressed an interest in joining the new working group
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