According to the Investment Management Association's latest survey, pension fund clients accounted for 51.2% of the United Kingdom's £2.6 trillion institutional market as of Dec. 31. Corporate pensions plans represented 41.6% of the total, followed by local and government pension schemes (7.1%) and “other pensions” (2.5%).
Insurance companies were the second-largest client type, with 32% -- or £846 billion of the total institutional market. In-house insurance assets accounted for 25% of institutional assets, with the remaining 7% managed by third parties.
