Breadcrumb Home INTERACTIVE December 22, 2014 12:00 AM The largest U.K. pension funds Tweet Share Share Email More Reprints 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 Graphic: U.S. private equity healthcare funds attract money, but face potential headwinds North American private debt assets expected to continue fast growth — Preqin Largest public pension plans’ asset growth Sponsored Content: Pension Derisking | Industry Intel Sponsored White Papers When Gauging the Impact of Geopolitical Risk on Equity Markets, Consider Their … Is Default Risk the Next Big Challenge? Rate volatility will persist: commercial real estate will continue to reset thr… Gold as a Strategic Asset Research for Institutional Money Management Active Management in Fixed Income: Two Approaches with Different Results View More Sponsored Content Partner Content The Industrialization of ESG Investment For institutional investors, ETFs can make meeting liquidity needs easier Gold: the most effective commodity investment 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios Ten ways retirement plan professionals add value to plan sponsors Gold: an efficient hedge View More
