The management of most pension fund assets in the UK is often delegated to diversified investment management houses and very few self-managed pension funds still exist.
The key players are:
|Rank||Pension AUM $m|
|1.||Legal & General||370,014|
|4.||State Street Global Advisors||57,231|
|6.||Schroder Inv. Mgt.||44,649|
|10.||UBS Global Asset Mgt.||19,802|
|12.||Aberdeen Asset Mgt.||8,665|
|13.||Newton Inv. Mgt.||7,889|
Source: Hymans Robertson
It’s interesting to note that significant segments of these assets are managed passively (according to Hymans Robertson at least 40%).
The remaining self-managed funds worth targeting for investor relations outreach activity include; Aerion, BAE Systems, BP Investment, British Airways Pension, British Steel Pension and Universities Superannuation Scheme.