Breadcrumb Home INTERACTIVE December 22, 2014 12:00 AM The largest U.K. pension funds Tweet Share Share Email More Print Ranked by total assets, in millions of pounds, as of June 30, 2014. ASSET ALLOCATIONRank Fund Assets Fixed IncomeEquityAlternativesPropertyCash and other1Universities Superannuation Scheme£42,60026.9%47.7%18.6%6.5%0.2%2BT Pension Scheme£41,21342.6%28.1%17.8%10.8%0.8%3Lloyds TSB Group£33,91645.2%15.4%17.0%4.4%17.9%4Royal Bank of Scotland£26,84352.7%23.9%10.1%4.0%9.3%5Barclays Bank£24,57545.5%15.4%9.9%5.6%23.6%6Railways Pensions Trustee£21,14719.3%32.0%28.3%7.8%12.6%7BP£20,19617.5%62.3%9.7%7.0%3.5%8HSBC Bank£19,86065.2%14.7%0.0%4.2%15.9%9British Airways£19,73936.3%35.1%6.5%6.9%15.2%10BAE Systems£19,35041.4%51.7%0.0%6.6%0.2%11National Grid£18,23456.7%26.8%4.6%6.3%5.7%12Shell International£14,67843.6%35.1%12.8%5.7%2.8%13Strathclyde Pension Fund£14,47112.8%75.6%0.0%9.0%2.6%14Greater Manchester Pension Fund£13,50917.3%62.0%4.5%10.0%6.2%15Tata Steel UK£13,00360.8%25.2%1.2%8.3%4.5%16Mineworkers' Pension Scheme£12,79312.1%63.0%15.2%9.5%0.2%17Aviva£12,22474.8%7.7%0.0%9.2%8.4%18GlaxoSmithKline£11,83834.3%57.6%0.0%2.3%5.8%19British Broadcasting Corp.£11,10135.1%32.4%18.3%9.6%4.6%20West Yorkshire Pension Fund£10,62515.8%64.4%7.7%3.2%8.9%21West Midlands Pension Fund£10,48918.9%45.9%23.4%9.2%2.6%22Rolls-Royce£10,15782.8%10.2%1.8%0.0%5.3%23Coal Pension Trustees£9,3777.2%67.1%17.0%8.7%0.0%24Imperial Chemical Industries (AkzoNobel)£8,73767.2%7.3%2.2%1.0%22.3%25Tesco£8,44114.7%54.1%13.9%9.4%7.8%26Santander£8,26060.0%24.0%0.0%11.0%5.0%27The Co-operative£8,04949.9%32.9%13.0%4.2%0.0%28Transport for London£7,58823.1%55.3%19.2%0.0%2.4%29Unilever£7,14728.0%48.5%13.5%10.0%0.0%30IBM United Kingdom Pensions Trust£6,92155.0%36.9%3.2%4.2%0.7%31Marks & Spencer Group£6,89556.6%25.0%4.9%4.1%9.4%32RSA Group£6,45566.9%17.2%8.4%2.3%5.3%33Ford Motor Co. Ltd.£6,37439.4%25.7%8.4%2.5%23.9%34J. Sainsbury£6,27242.2%29.4%0.0%3.7%24.7%35Prudential£6,27286.1%8.3%0.0%1.1%4.4%36Merseyside£6,04819.6%59.4%15.1%3.1%2.9%37British American Tobacco£6,03248.5%42.0%0.0%0.0%9.5%38South Tyneside Metropolitan Borough Council (Tyne & Wear)£5,96818.3%57.2%13.1%8.9%2.6%39Centrica£5,94756.4%31.7%0.0%4.8%7.2%40Diageo£5,85955.0%26.0%11.0%8.0%0.0%41The Pensions Trust£5,83923.4%45.9%4.7%5.1%20.9%42South Yorkshire Pensions Authority£5,78019.8%61.3%6.7%10.7%1.6%43EDF Energy£5,51345.3%35.3%2.3%6.2%10.9%44Jaguar Land Rover£5,49866.3%11.3%11.3%4.4%6.8%45Lancashire County Council£5,36731.0%51.0%9.0%9.0%0.0%46The Boots Co.£5,31383.4%10.4%0.0%5.2%1.0%47Northern Ireland Local Gov't Officers' Superannuation Comm.£5,28712.5%75.0%0.0%12.5%0.0%48BMW UK£5,28060.0%17.0%7.8%9.4%5.8%49Centrica PLC£5,08256.4%31.7%7.1%4.8%0.1%50London Pensions Fund Authority£5,06926.4%47.8%20.4%2.7%2.7% Total for top 50£603,230Note: Allocations might not total 100% due to rounding. Related Articles Assets of top 50 funds jump 15.5% South Yorkshire Pension Fund seeks manager for credit strategy Lancashire County Council Pension Fund taps Knight Frank for real estate Tesco explores freezing pension plan U.K.'s USS loses co-head of public market manager selection Strathclyde Pension Fund engages firm for responsible investment overlay ITN Pension Scheme deficit increases 22.5% in 2014 National Grid U.K. Pension Scheme selling in-house money manager The Pensions Trust taps Invesco Perpetual for multiasset allocation British Steel Pension Scheme slices deficit by 84% in 3-year period Walgreens' acquisition of Rite Aid would combine $20.5 billion in retirement as… Royal Bank of Scotland to contribute $6 billion to pension fund this quarter British Airways agrees to contribute £300 million a year through 2027 to … Coal Pension Trustee Services chooses new CIO Recommended for You sponsored content Events Advertisement White Papers How the Risk Measures play important roles for Tail Risk Management and Diversi… Adaptive Multi-Factor Allocation Market Volatility: Consequences for Target Date Fund Selection Indexing Risk Parity Strategies Inflation and target date funds: Definitive insights into inflation-hedging Tackling the Challenges of ESG Investing as Opportunities Expand Across Asset C… View More Sponsored Content Partner Content Five Keys to Implementing a Great Financial Wellness Program Dividend Growth's Drivers: Picking Apart Quality 2019 BlackRock DC Pulse Survey In Search of the Low Volatility Anomaly: A Case Study The Great "Hollowing Out" of the U.S. Job Market View More