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  2. INTERACTIVE
December 22, 2014 12:00 AM

The largest U.K. pension funds

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    Ranked by total assets, in millions of pounds, as of June 30, 2014.
      ASSET ALLOCATION
    Rank Fund Assets Fixed IncomeEquityAlternativesPropertyCash and other
    1Universities 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£603,230
    Note: Allocations might not total 100% due to rounding.

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