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

London including 22 Bishopsgate (photo by Edmund Sumner)

Country Report – Pensions in UK (May 2023)

UK pensions are at a crucial juncture. The UK Parliament’s inquiry into the LDI crisis of September 2022 shed some light on its causes, but the debate on the role of LDI is alive and well. Meanwhile, regulators including The Pensions Regulator and the Financial Conduct Authority have advised pension schemes on how to make LDI strategies more resilient to shocks. 

TOP UK PENSION FUNDS 2023

Pension fund/entity | Assets (€’000)

  1. Universities Superannuation Scheme | 85,779,025
  2. Rothesay Life | 53,470,058
  3. Pension Insurance Corporation | 46,262,541
  4. BT Group plc | 44,971,289
  5. National Westminster Bank | 42,464,474

©IPE Research;  See IPE’s Top 1000 Pension Funds for the full ranking

Key fund data for UK

UK key pension data

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

TOP MANAGERS: UK INSTITUTIONAL ASSETS

Company | Assets (€m) 

  1. Legal & General Investment Mngt. | 882,004
  2. BlackRock  | 681,348
  3. Insight | 511,539
  4. Abrdn | 220,730
  5. Schroders Investment Management | 219,358
  6. Aviva Investors | 208,551
  7. JPMorgan Asset Management | 122,995*
  8. State Street Global Advisors | 117,831**
  9. M&G Investment Management | 85,015
  10. Baillie Gifford & Co. | 47,647

As at 31.12.22, *28.2.23, **31.3.23

©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report

IPE European Pension Fund Awards

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

Find out more about the IPE awards and how to be involved