IPE institutional market survey: Managers of France institutional assets 2025

July/August 2025 (Magazine)

This year’s substantial increase in French pension assets (+18%) reflects the broad shift from insurance-based savings under the Solvency II regime to IORPs.

Overall, asset managers continue to play a substantial role in France’s institutional investment market, and overall assets have increased slightly (+1%) to €2.31trn. The volume of externally managed insurance assets stands at €1.28trn. Some €162bn of pension fund assets are now entrusted to the 40 external asset managers in our 2025 market survey, with Amundi clearly the dominant domestic institutional player, managing €768bn for French institutional investors overall. While pension assets have grown markedly over the last couple of years, they still only account for around 7% of the institutional managed assets covered in our research.

Full data access
This summary shows headline data. The full dataset includes more detailed data on individual managers and is available to subscribers at ipe.com/research. To subscribe to IPE visit ipe.com/membership and for further information about the research or to participate in future surveys, contact [e-mail]