European pension assets increased to €6.16trn last year, up by €660bn, according to IPE’s annual Top 1000 Pension Funds survey.

The data, compiled by S&P Capital IQ MMD, showed a 10.8% increase in European assets under management.

Over the course of 2014, assets among the Top 1000 global institutional investors increased by €4.2trn to €25.3trn, up by 19.9% year on year.

The Norwegian Government Pension Fund Global remains Europe’s largest institutional investor, accounting for 13.2% of European pension assets.

The Dutch civil service scheme ABP, at €356bn, accounted for nearly 5.8% of assets, while third-ranking Dutch healthcare scheme PFZW accounted for 2.7%.

Both Dutch funds, among the largest asset owners worldwide, saw their overall share of the €6.16trn in pension assets decline compared with 2014.

Denmark’s ATP accounted for more than 1.7% of assets, Sweden’s Alecta 1.2%.

Alecta was followed in sixth place by PMT, the Dutch metal-workers fund, which was followed by the first German entrant in the shape of Bayerische Versorgungskammer.

Denmark’s PFA Pension came eighth, followed by two UK entries, the BT Pension Scheme and the Universities Superannuation Scheme, rounding out the Top 10.

Map of Europe