IPE institutional market survey: Managers of UK institutional assets 2026

May/June 2026 (Magazine)

In this year’s survey of UK institutional and pension fund assets, managers reported a headline figure of €4.03trn, 3% higher than last year, while the figure for UK pension fund assets fell by about 1.7% to €2.24trn.

Both figures are significantly lower than the 2022 peak. For the second year running, BlackRock was the largest manager of UK institutional assets, having taken top spot from L&G in 2025 and recorded a 3.2% rise in AUM, while L&G, instead, reported a 0.75% fall in AUM. Insight Investment also saw its UK institutional AUM figure decline by over 10%. However, L&G remains the largest manager of UK pension assets, with €636.42bn compared with BlackRock’s €480.44bn.

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 dominic.gane@ipe.com.

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