UK Investment and Pensions
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 2025
Pension fund/entity | Assets (€’000)
- Universities Superannuation Scheme | 91,753,728
- Rothesay Life | 85,363,900
- Pension Insurance Corporation | 61,436,725
- NEST | 58,660,261
- Railways Pension Scheme | 40,620,140
©IPE Research; View the Top 1000 European Pensions Funds 2025 for a comprehensive market overview
Pension Protection Fund uplift sparks superfund wind-up concerns
Members of the upper parliament warn that superfunds could be forced to wind up before reaching maturity
UK pensions regulator asked to consider ‘stewardship code for transition planning’
Transition Plan Working Group says that a disclosure-only approach may be unhelpful for pension funds, and risked quickly becoming a ‘tick-box’ exercise
IPE UK Briefing: Pensions Bill progress and regulatory moves
Plus Value for Money and LGPS consolidation
E.ON UK pension fund appoints Schroders Solutions as principal investment manager
Schroders Solutions has overall control of the group’s investments, both through direct asset management and by appointing external investment managers
UK pension reforms questioned over saver risk and impact on competition
UK upper parliament warns pension reforms could shift risk onto low-income savers, while consolidation threatens competition and innovation
Investment Association urges asset owners to rethink stewardship
IA report outlines six structural challenges and 10 recommendations for asset owners, investment managers, consultants, and regulators
LGPS Central to launch pooled global credit fund
The fund will be managed in partnership with three global credit managers – Capital Group, JP Morgan Asset Management and Neuberger Berman
UK government to phase rollout of LGPS ‘Access and Fairness’ reforms
The government said it will prioritise areas where it believes there is existing discrimination
Asset owners push BP on capital spending discipline
UK local authority pension funds urge oil giant to justify increased exploration and capex amid warnings its future projects are increasingly uncompetitive
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
- 2024 - Environment Agency Pension Fund
- 2023 - Pension Protection Fund
- 2022 - Greater Manchester Pension Fund | Pension Protection Fund
- 2021 - BTPS
- 2020 - Environment Agency Pension Fund
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Australia’s retirement savings model is shaping the UK’s investment future
Deeper pensions and investment ties between Australia and the UK make sense, says Gregg McClymont, IFM Investors’ executive director of public affairs, EMEA
Pension Protection Fund uplift sparks superfund wind-up concerns
Members of the upper parliament warn that superfunds could be forced to wind up before reaching maturity
UK pensions regulator asked to consider ‘stewardship code for transition planning’
Transition Plan Working Group says that a disclosure-only approach may be unhelpful for pension funds, and risked quickly becoming a ‘tick-box’ exercise
IPE UK Briefing: Pensions Bill progress and regulatory moves
Plus Value for Money and LGPS consolidation
E.ON UK pension fund appoints Schroders Solutions as principal investment manager
Schroders Solutions has overall control of the group’s investments, both through direct asset management and by appointing external investment managers
UK pension reforms questioned over saver risk and impact on competition
UK upper parliament warns pension reforms could shift risk onto low-income savers, while consolidation threatens competition and innovation
Investment Association urges asset owners to rethink stewardship
IA report outlines six structural challenges and 10 recommendations for asset owners, investment managers, consultants, and regulators
LGPS Central to launch pooled global credit fund
The fund will be managed in partnership with three global credit managers – Capital Group, JP Morgan Asset Management and Neuberger Berman
UK government to phase rollout of LGPS ‘Access and Fairness’ reforms
The government said it will prioritise areas where it believes there is existing discrimination
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