Top 100 Pension Schemes 2016
Total Page:16
File Type:pdf, Size:1020Kb
www.professionalpensions.com | December 2016 Top 100 pension schemes 2016 000_PPDCSUPP_1116_cover.indd 1 14/12/2016 10:18 Top 100 pension schemes 2016 Professional Pensions analysed data from the Top 100 Schemes 2016. This is what we found… rofessional Pensions has total value of assets in top 100 Actuarial advisers teamed up with Pension schemes stood at around £860bn at A total of 73 schemes included data Funds Online to bring you the time the data was assembled. on actuarial advisers – with a total a definitive listing of the Of the 78 schemes where of nine advisers represented on Plargest 100 pension schemes in the membership information was actuarial panels. UK (see following pages). available, 7,772,802 – an average of It was noted that several of The data in these tables comes just under 100,000 members per these schemes had multiple from Pension Funds Online as at scheme. actuarial advisers. In total, 31 October 2016. Should you have However, the majority of this however, Willis Towers Watson any queries about any of the infor- membership are now deferred or held a total of 26 appointments mation contained in these pages, pensioner members – with the 67 (34.2%); Aon Hewitt and Hymans please contact Neil Blain at neil. schemes providing data in this Robertson each held 13 appoint- [email protected]. To read area having a total of 1,947,672 ments (17.1% each); Mercer held Pension Funds Online in full, visit: active members. The 78 schemes 11 appointments (14.5%); Barnett www.pensionfundsonline.co.uk. providing deferred data had a total Waddingham held 6 appointments of 2,746,188 deferred members and (7.9%); the Government Actuary’s The schemes the 77 schemes with pensioner Department held three appoint- Professional Pensions has analysed data had a total of 2,995,503 ments (3.9%); Punter Southall the top 100 data, finding that the pensioner members. Transaction Services held two 24 | 15 December 2016 www.professionalpensions.com Top 100 directory_PP_151216.indd 24 12/12/2016 16:31 In association with managers with the most top 100 MostappointedTopschemeassetmanagers The total value of assets appointments were: Legal & General Investment Management, Rank InvestmentManagementFirm Numberof in top 100 schemes which held 44 appointments; Appointments stood at around £860bn BlackRock, which held 35 appoint- at the time the data was ments; M&G Investments, which Legal&GeneralInvestmentManagement held 26 appointments; Standard BlackRock assembled Life Investments, which had M&GInvestments 23 appointments; Wellington StandardLifeInvestment Management International, which WellingtonManagementInternational appointments (2.6%) and JLT held 21 appointments; Goldman GoldmanSachsAssetManagementInternational Employee Benefits and PwC each Sachs Asset Management PartnersGroup held one appointment (1.3% each). International, Partners Group and Insight Investment Management, InsightInvestmentManagement Investment consultants which each held 18 appointments; CBREGlobalInvestors A total of 60 schemes included data CBRE Global Investors, which BlueBayAssetManagement on investment advisers. held 16 appointments; and BlueBay SchroderInvestmentManagement For these schemes, the top Asset Management, Schroder LazardAssetManagement investment advisers were: Willis Investment Management and BaillieGiord&Co Towers Watson, which held 22 Lazard Asset Management, which JPMorganAssetManagement appointments; Mercer, which held each held 15 appointments. AberdeenAssetManagement 14 appointments; Aon Hewitt, A total of 25 top 100 schemes which held eight appointments; reported they had conducted some StateStreetGlobalAdvisorsUnitedKingdom Hymans Robertson, which held investment management in-house. HendersonGlobalInvestors seven appointments; Redington, The full list of all top 100 asset BridgewaterAssociates which held five appointments; managers can be found on www. Prudential Cardano and Allenbridge professionalpensions.com/tag/ PIMCOEurope Investment Solutions, each of top100schemes. PantheonVentures which held three appointments; Source: Pension Funds and their Advisers, 31 October 2016. and Lane Clark & Peacock and Custodians Note: The full ranking can be found at: www.professionalpensions.com/tag/top100schemes Cambridge Associates, each of There were a total of 70 schemes which held two appointments. with data provided on custo- MostappointedTopschemeactuarialadvisers dians. The main five firms Legal advisers represented here were Northern Rank ActuarialFirm Numberof When it came to legal advisers, Trust Corporate & Institutional Appointments data was provided for a total of Services, which had 24 appoint- WillisTowersWatson 66 schemes. Of these, 35 separate ments (26.1%); BNY Mellon, which law firms had appointments. In had 20 appointments (21.7%); J.P. AonHewitt addition, a total of nine schemes Morgan, which had 18 appoint- HymansRobertson reported having in-house legal ments (19.6%); and State Street Mercer advice. and HSBC Securities Services, BarnettWaddingham The top ten external law firms which each had nine appoint- GovernmentActuary'sDepartment were: Sacker & Partners and ments (9.8% each). PunterSouthallTransactionServices Linklaters, firms which both held PricewaterhouseCoopers 16 appointments; Travers Smith, To see more, visit: JLTEmployeeBenefits which held seven appointments; www.professionalpensions.com/ Pinsent Masons and Nabarro, tag/top100schemes Source: Pension Funds and their Advisers, 31 October 2016 which both held five appoint- ments; Eversheds and Hogan Lovells International, which both Pension Funds and their Advisers: A short history held four top 100 appointments; and Gowling WLG, Squire Patton ✤ The first edition of Pension and their Advisers. In 2005 data, and additional historical Boggs (UK) and CMS Cameron Funds and their Advisers, known the two directories launched information. McKenna, which each held three as The Blue Book, was published digitally as Pension Funds Keeping up with technological appointments. in 1978 by Alan Philipp, a former Online. developments, this year The full list of all top 100 legal financial analyst who set up AP In 2008, Wilmington bought Pension Funds Online was advisers can be found on www. Information Services. AP Information Services made responsive for use on professionalpensions.com/tag/ The directory soon became and Pension Funds Online smartphones and tablets, top100schemes. essential reading for the became part of the Wilmington and has also expanded industry and was made freely Business Intelligence suite the promotion of industry Investment managers available to pension funds. of products. Development knowledge and insight within In total, data on investment Over the years, The Blue Book continued and in 2011 the the Research and Reports managers was provided for 74 of evolved and in 2000 was joined site relaunched with a greater section and weekly newsletter the top 100 schemes. by International Pension Funds depth of financial and mandate Pension Funds Insider. Of these, the external asset www.professionalpensions.com 15 December 2016 | 25 Top 100 directory_PP_151216.indd 25 12/12/2016 16:31 DATA TOP 100 PENSION SCHEMES 2016 The Top 100 Pension Schemes 2016 PP has teamed up with Pension Funds Online to bring you the list of the biggest pension schemes in the country along with the details of their advisers, providers and fund managers 1. Universities Management International; Gottex Superannuation Scheme Fund Management; Grosvenor Total Assets: £50.28bn Capital Management; Grosvenor Actuary: Mercer – E.S.Topper Fund Management; Henderson Investment Advisers: Mercer Global Investors; Insight Legal Advisers: DLA Piper; Investment Management; Invesco Gowling WLG; Linklaters; Global Cash Management; Investec Mitchells Roberton; Pinsent Asset Management; IPM Informed Masons; Proskauer Portfolio Management AB; J.P. Investment Managers: Credit Morgan Asset Management; Suisse Asset Management; Jupiter Asset Management; Lazard Goldman Sachs Asset Management Asset Management; Legal & International; In House; Investec General Investment Management; Asset Management; Legal & Lindsell Train; Longview Partners; General Investment Management; M&G Investments; Man GLG; MFS Multi-Managers; Pictet Asset Investment Management; Morgan Management; Royal London Asset Stanley Investment Management; Management Oxford University: The Universities Superannuation Scheme is Newton Investment Management; Custodian: J.P. Morgan; Northern the UK’s largest pensions scheme, with total assets of £50.28bn Nomura Asset Management Trust Corporate & Institutional UK; Origin Asset Management; Services Partners Group; Permal Group; Active Members: 180,862 Investment Managers: AB; PIMCO Europe; Prudential; Royal Deferred Pensioners: 128,043 Aberdeen Asset Management; London Asset Management; Pensioners: 64,185 Amundi; AQR Capital Schroder Investment Management; Total Members: 373,090 Management; Ashmore SEB Group; SEI; Southeastern Investment Management; Aviva Asset Management; Standard Life 2. BT Pension Scheme Investors; AXA Framlington; Investment; State Street Global Total Assets: £43.08bn AXA Investment Managers UK; Advisors United Kingdom; Stone Actuary: Willis Towers Watson – Babson Capital Europe; Baillie Harbor Investment Partners (UK); Michael Pardoe Gi¢ord & Co.; BankInvest Asset Taube Hodson Stonex Partners; Investment Advisers: BT Pension Management; Banquo Credit UBS Asset Management; Walter Scheme Management (BTPSM) Management; Barings; Beach Point Scott