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
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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
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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 & Partners; Western Asset Legal Advisers: Hogan Lovells Capital; BlackRock; Blackstone; Management Co; Winton Capital International Blackstone Alternative Asset Management Investment Managers: Ashmore Management; Blue Mountain Custodian: BNY Mellon Investment Management; Capital Management; BlueBay Active Members: 32,266 BlackRock; Hermes Investment Asset Management; BlueCrest Deferred Pensioners: 34,039 Management; M&G Investments; Capital Management; BNY Pensioners: 119,283 Multi-Managers; Wellington Mellon Investment Management Total Members: 185,588 Management International EMEA; Brevan Howard Asset Custodian: Northern Trust Management; Bridgewater 4. The RBS Group Pension Fund Corporate & Institutional Services Associates; Capital International Total Assets: £31.04bn Active Members: 37,065 (CIL); Capula Investment All data in these tables Actuary: Aon Hewitt – David Eteen Deferred Pensioners: 71,785 Management; Carlson Capital; comes from Pension Investment Advisers: Aon Hewitt Pensioners: 199,333 Caxton Associates; CBRE Global Funds Online as at 31 Legal Advisers: Dentons Total Members: 308,183 Investors; Columbia Threadneedle October 2016. Should you Investment Managers: AQR Investments; CQS Management; have any queries about any Capital Management; AXA 3. Electricity Supply Pension Credit Suisse Asset Management; of the information contained Investment Managers UK; Axiom Scheme in these pages, please DTZ Investors; Edinburgh contact Neil Blain at neil. Law; Bridgewater Associates; Total Assets: £31.19bn Partners; Equitable Life; F&C [email protected]. Brockton Capital; Brookfield; Investment Advisers: Aon Asset Management; Fidelity To read Pension Funds Comgest Asset Management Hewitt – Tim Currell International; Friends Life; Online in full, visit: www. International; DSM; Epoch Legal Advisers: Field Fisher GMO UK; Goldman Sachs Asset pensionfundsonline.co.uk Investment Partners; Genesis
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Investment Management; Global Thematic Partners; GMO UK; Gramercy; Hastings; Hermes Investment Management; J.P. Morgan Asset Management; LaSalle Investment Management; Leadenhall Capital Partners; Legal & General Investment Management; Lindsell Train; Lothbury Investment Management; M&G Investments; MFS Investment Management; Navis Capital Partners; Nephila; New Forests Pty; Oldfield Partners; Orion Capital Managers; Partners Group; Pathway Capital Management (UK); PIMCO Europe; Pramerica; Pzena Investment Management; Sankaty Advisors; Southeastern Asset Management; Standard Life Investment; Tufton; Veritas Asset Management Custodian: BNY Mellon Active Members: 26,128 Deferred Pensioners: 122,613 Glenfinnan Railway Viaduct, Scotland: The Railways Pension Scheme has 90,574 members Pensioners: 66,190 Total Members: 214,931 6. Railways Pension Scheme Headland Capital Partners; 5. Barclays Bank UK Total Assets: £22.39bn Highland Capital Partners; Hony Retirement Fund Actuary: Government Actuary’s Capital; Horsley Bridge Partners; Total Assets: £27.10bn Department; Willis Towers Watson Index Ventures; Innisfree; Innova Actuary: Willis Towers Watson Legal Advisers: DWF; Eversheds; Investments; Innovation Works; Investment Advisers: Albourne Herbert Smith Freehills; Insight Investment Management; Partners; Barnett Waddingham; Linklaters; Maclay Murray & Institutional Venture Partners; Blackstone Alternative Asset Spens; Simmons & Simmons Intermediate Capital Group; Khosla Management; Cambridge Investment Managers: Ventures; KPS Capital Partners; Associates; Willis Towers Watson Accel Partners; Adams Street Lazard Asset Management; Legal Advisers: CMS Cameron Partners UK; Alinda Capital Legal & General Investment McKenna; Hogan Lovells Partners; AnaCap Financial Management; Longview Partners; International; Linklaters Partners; Andreesen Horowitz; Marathon Asset Management; Investment Managers: Aberdeen Apax Partners; AQR Capital MAS Clearsight UK; Morningside Asset Management; BlackRock; Management; Archer Capital; Ventures; Navis Capital Blackstone Alternative Asset Arcus Infrastructure Partners; Partners; Northern Trust Asset Management; Brandywine Ares Management; Bain Capital; Management; Oaktree Capital Global Investment Management; Balderton Capital; Berkshire Management; Orchard Street Goldman Sachs Asset Management Partners; Bessemer Venture Investment Management; Pantheon International; Harris Associates; Partners; BlackRock; Blakeney Ventures; Peak Rock Capital; Hermes Investment Management; Management; Bridges Ventures; Private Advisors Alternative Insight Investment Management; Bridgewater Associates; Capital Asset Management; Riverside J.P. Morgan Asset Management; Dynamics; Charlesbank Capital Europe; Sankaty Advisors; Scale Janus Capital International; Lazard Partners; CI Capital Partners; Venture Partners; Sequoia Capital; Asset Management; Levin Capital Cinven Partners; ClearVue Southern Cross Group; Standard Strategies; Loomis Sayles; Mackay Partners; Columbia Capital; Life Investment; Thoma Bravo; Shields; Maple-Brown Abbot; Dalmore Capital (PIP Pensions Triton Partners; Unigestion (UK); MFS Investment Management; Infrastructure Platform); Warburg Pincus International; Odey Asset Management; PIMCO Dimensional Fund Advisors; Wellington Management Europe; Rogge Global Partners; Epoch Investment Partners; EQT International; Westbridge Russell Investments; Wellington Funds Management; General Capital Partners; William Blair Management International Atlantic; Global Domain Partners; International; WP Global Partners Custodian: J.P. Morgan Goldman Sachs Asset Management Custodian: BNY Mellon Active Members: 31,797 International; Great Hill Partners; Active Members: 90,574 Deferred Pensioners: 121,374 Grosvenor Fund Management; Deferred Pensioners: 106,793 Pensioners: 62,085 H.I.G. European Capital Partners; Pensioners: 140,366 Total Members: 215,256 HarbourVest Partners (UK); Total Members: 337,733
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7. HSBC Bank UK Pension Scheme Total Assets: £22.07bn Actuary: Willis Towers Watson – Colin Singer Investment Advisers: Redington; Willis Towers Watson Legal Advisers: Sacker & Partners Investment Managers: Ashmore Investment Management; Aviva Investors; BlackRock; Brandywine Global Investment Management; Fulcrum Asset Management; Genesis Investment Management; Hastings; In House; Insight Investment Management; LaSalle Investment Management; Lazard Asset Management; Legal & General Investment Management; Loomis Sayles; M&G Investments; Pathway Capital Management (UK); Prudential; Schroder Investment Management; Standard Life Investment; State Street Global Advisors United Kingdom; Trilogy Global Advisors; Wellington Management International Salford Quays: The Greater Manchester Pension Fund has a total of 352, 292 members Custodian: BNY Mellon; HSBC Securities Services; Northern Trust Corporate & Institutional Services Deferred Pensioners: 125,855 Capital Partners (London); BNY Active Members: 5,267 Pensioners: 114,618 Mellon; Brandywine Global Deferred Pensioners: 65,820 Total Members: 352,292 Investment Management; Brevan Pensioners: 41,636 Howard Asset Management; Total Members: 112,723 10. National Grid UK Pension Bridgewater Associates; Brigade Scheme Capital UK; CBRE; Credit Suisse 8. BP Pension Fund Total Assets: £16.84bn Asset Management; First State Total Assets: £20.34bn Actuary: Willis Towers Watson Investments; Franklin Templeton Actuary: Mercer – Neil Brougham Investment Advisers: Willis Investments; Genesis Investment Investment Advisers: Aon Hewitt Towers Watson Management; Goldman Sachs Legal Advisers: Linklaters; Legal Advisers: Ashurst; Asset Management International; Sacker & Partners Nabarro; Sacker & Partners Lazard Asset Management; Legal & Investment Managers: Baillie Custodian: HSBC Securities General Investment Management; Giord & Co.; Goldman Sachs Services; Northern Trust Corporate Nephila; Oak Hill Capital Partners; Asset Management International; & Institutional Services Pathway Capital Management In House; Partners Group Active Members: 2,704 (UK); PIMCO Europe; Prologue Custodian: State Street Deferred Pensioners: 34,700 Feeder Fund.; Rogge Global Active Members: 8,415 Pensioners: 67,745 Partners; Southeastern Asset Deferred Pensioners: 22,292 Total Members: 105,149 Management; SteelRiver; Stone Pensioners: 44,658 Harbor Investment Partners Total Members: 75,365 11. Lloyds Bank Pension (UK); SWIP; TCW; Wellington Scheme No.1 Defined Benefit Management International 9. Greater Manchester Section Custodian: BNY Mellon Pension Fund Total Assets: £16.47bn Active Members: 9,640 Total Assets: £17.32bn Actuary: Willis Towers Watson – Deferred Pensioners: 58,475 Actuary: Hymans Robertson James Wintle Pensioners: 36,680 Investment Managers: Capital Investment Advisers: Willis Total Members: 104,795 International (CIL); GVA Towers Watson Grimley; In House; Investec Asset Legal Advisers: Sacker & Partners 12. Aviva Sta Pension Management; LaSalle Investment Investment Managers: Scheme (ASPS) and RAC Management; Legal & General Aberdeen Asset Management; (2003) Pension Scheme Investment Management; UBS Arcus Infrastructure Partners; Total Assets: £16.16bn Asset Management Ares Management; Beach Point Actuary: Hymans Robertson Custodian: J.P. Morgan Capital; BlackRock; BlueBay Asset Investment Advisers: Redington; Active Members: 111,819 Management; BlueMountain Willis Towers Watson
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Legal Advisers: Linklaters (PIP Pensions Infrastructure Investment Managers: Platform); Goldman Sachs Asset Aviva Investors; Blackhorse Management International; Asset Management Pte; First Grosvenor Fund Management; State Investments; Horizon HgCapital; Hony Capital; Infrared Kinetics; Intrinsic Value Asset Capital Partners; Intermediate Management; J.P. Morgan Asset Capital Group; Invesco Perpetual; Management; Legg Mason KKR Prisma; Legal & General Global Asset Management; Investment Management; Multi-Managers; Optimal Fund M&G Investments; Macquarie Management; Slater Investments; Infrastructure and Real Assets; Standard Life Investment Navis Capital Partners; Orchard Custodian: Citibank Global Street Investment Management; Securities Services; HSBC Pan European Property Unit Trust; Securities Services; J.P. Morgan PIMCO Europe; Premier Asset Deferred Pensioners: 56,130 Management; Sanders Capital; Pensioners: 36,799 State Street Global Advisors United Total Members: 92,929 Kingdom; Sun Capital Partners; Warburg Pincus International 13. Strathclyde Pension Fund Glasgow, Scotland: Strathclyde Pension Fund has assets of £16bn Custodian: HSBC Securities Total Assets: £16.06bn Services Actuary: Hymans Robertson Active Members: 11,405 Legal Advisers: In House; Investment Advisers: Penfida Deferred Pensioners: 29,110 Nabarro; Pinsent Masons Legal Advisers: Travers Smith Pensioners: 23,812 Investment Managers: Baillie Custodian: J.P. Morgan Total Members: 64,327 Gi£ord & Co.; Barings; DTZ Active Members: 13,302 Investors; Genesis Investment Deferred Pensioners: 31,668 18. BAE Systems Main Scheme Management; Henderson Global Pensioners: 84,030 Total Assets: £12.73bn Investors; J.P. Morgan Asset Total Members: 129,000 Actuary: Hymans Robertson – Management; Lazard Asset Mike Parker Management; Legal & General; 16. New Airways Pension Investment Advisers: Deloitte Legal & General Investment Scheme (British Airways) Total Reward & Benefits (DTRB) – Management; Northern Trust Total Assets: £13.28bn Wayne Davidson Asset Management; Oak Hill Actuary: Willis Towers Watson – Legal Advisers: Travers Smith Capital Partners; Oldfield James Wintle Active Members: 26,959 Partners; Pantheon Ventures; Investment Advisers: Deferred Pensioners: 40,740 Partners Group; PIMCO Europe; Allenbridge Investment Solutions – Pensioners: 55,496 Veritas Asset Management Andrew Threadgold; Geo£ Lindey; Total Members: 123,195 Custodian: Northern Trust Willis Towers Watson Corporate & Institutional Services Legal Advisers: Eversheds 19. HBOS Final Salary Pension Active Members: 92,717 Investment Managers: In House Scheme Deferred Pensioners: 50,545 Custodian: State Street Total Assets: £12.25bn Pensioners: 73,012 Active Members: 20,719 Actuary: Willis Towers Watson – Total Members: 216,274 Deferred Pensioners: 23,968 Graham Mitchell Pensioners: 22,353 Investment Advisers: Aksia; 14. Shell Contributory Total Members: 67,040 Cairn Capital; Mercer; Redington; Pension Fund Willis Towers Watson Total Assets: £14.63bn 17. BBC Pension Scheme Legal Advisers: Allen & Overy Actuary: Aon Hewitt – Michael Total Assets: £12.91bn Investment Managers: American Webb Actuary: Willis Towers Watson – Securities; BlackRock; Cerberus Investment Advisers: Aon Hewitt Alison Blay European Capital Advisors; Credit Legal Advisers: Hogan Lovells Investment Advisers: Willis Suisse Asset Management; Equitix; International; In House Towers Watson – David Gamble; HgCapital; Horizon Kinetics; Investment Managers: In House Andrew Threadgold and Richard Insight Investment Management; Custodian: J.P. Morgan Greene (USA Property) J.P. Morgan Asset Management; Active Members: 4,185 Legal Advisers: Sacker & Partners Lazard Asset Management; Deferred Pensioners: 10,113 Investment Managers: Aberdeen Macquarie Infrastructure and Real Pensioners: 28,592 Asset Management; Artemis Assets; Morgan Stanley Investment Total Members: 42,890 Investment Management; Baillie Management; Nephila; PIMCO Gi£ord & Co.; BlackRock; Europe; Rockspring Property 15. British Steel Pension BlueBay Asset Management; Investment Managers; State Street Scheme (Tata Steel UK) Bridgewater Associates; Cabot Global Advisors United Kingdom; Total Assets: £13.63bn Square Capital; Cambridge Trilantic Capital Management; Actuary: Willis Towers Watson – Associates; Carlyle Group; CBRE Vontobel Asset Management C. Burbidge Global Investors; Dalmore Capital Custodian: BNY Mellon
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Active Members: 11,807 Square Capital Partners; Phoenix 23. Mineworkers’ Pension Deferred Pensioners: 39,883 Asset Management Partners; Scheme Pensioners: 24,617 Pictet Asset Management; Total Assets: £10.49bn Total Members: 76,307 Pioneer Investments; Pramerica; Actuary: Government Actuary’s Prudential; Riverstone; Rockspring Department 20. Rolls-Royce Pension Property Investment Managers; Investment Advisers: Cambridge Schemes Royal London Asset Management; Associates; Mercer; Willis Towers Total Assets: £11.96bn Ru£er; Schroder Investment Watson Active Members: 4,273 Management; Sciens Aviation Legal Advisers: Linklaters Deferred Pensioners: 1,946 Special Opportunities O£shore Investment Managers: AQR Pensioners: 4,695 Fund; Silk Road; SteelRiver; Capital Management; Atalaya; Total Members: 10,914 Sveafastigheter; Vision Brazil; Baillie Gi£ord & Co.; BlueBay Waste Resources Fund Asset Management; Bridgewater 21. West Midlands Pension Fund Custodian: HSBC Securities Associates; Cantillon Capital Total Assets: £11.66bn Services Management; Edinburgh Actuary: Barnett Waddingham Active Members: 107,984 Partners; Genesis Investment Investment Advisers: Hymans Deferred Pensioners: 94,332 Management; Goldman Sachs Robertson Pensioners: 85,558 Asset Management International; Legal Advisers: In House Total Members: 287,874 HIG Bayside; In House; Insight Investment Managers: Advent Investment Management; JO Capital Management UK; AEW 22. West Yorkshire Hambro; LaSalle Investment UK; Alterna Core Capital; AMP Pension Fund Management; Lazard Asset Capital Investors (UK); Aqua Total Assets: £11.21bn Management; Legal & General Resources; Ashmore Investment Actuary: Aon Hewitt Investment Management; Management; Aspect; Baillie Legal Advisers: In House – M&G Investments; Oak Hill Gi£ord & Co.; Beacon Capital Dermot Pearson Capital Partners; Sankaty Strategic Partners; Black River; Investment Managers: In House Advisors; Schroder Investment BlackRock; Blackstone; BlueBay Custodian: HSBC Securities Management; Stone Harbor Asset Management; BlueCrest Services Investment Partners (UK); Capital Management; Bluehouse Active Members: 100,927 Varde Partners; Vontobel Asset Accession Property; Bridges Deferred Pensioners: 89,084 Management; Wellington Ventures; Capital Dynamics; Pensioners: 82,148 Management International Capital International (CIL); CATCo Total Members: 272,159 Custodian: J.P. Morgan Investment Management; Coriolis Horizon Fund; Credit Suisse Asset Management; Dalmore Capital (PIP Pensions Infrastructure Platform); Davidson Kempner Capital Management; Dorchester Wealth Management Company; Dune Real Estate; EISER Infrastructure Capital Equity Partners; EQT Funds Management; Finance Birmingham; First Reserve Energy; Global Infrastructure Partners; Goldman Sachs Asset Management International; HgCapital; High Street Equity; Highbridge Mezzanine Partners 11; Highbridge Principal Strategies; HSBC Global Asset Management (UK); Igloo Regeneration Partnership; Impax Asset Management; Indigo Capital; Infracapital; Innisfree; Insight Investment Management; J.P. Morgan Asset Management; Jupiter Asset Management; Kames Capital; Khosla Ventures; Legal & General Investment Management; Mansford; Menlo Ventures; Morgan Stanley Investment Management; Natwest; Newton Investment Management; North Haven; Oak Hill Capital Partners; Oaktree Capital Management; Park Fog over Halifax: The West Yorkshire Pension Fund has almost 101,000 active members
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Deferred Pensioners: 37,807 Stone Harbor Investment Partners Pensioners: 162,684 (UK); Varde Partners; Wellington Total Members: 200,491 Management International Custodian: J.P. Morgan 24. Tesco Pension Scheme Deferred Pensioners: 3,682 Total Assets: £10.30bn Pensioners: 53,568 Total Members: 57,250 25. Ford Salaried, Hourly Paid Contributory & Senior Sta 31. TFL Pension Fund Pension Funds Total Assets: £8.21bn Total Assets: £9.74bn Actuary: Willis Towers Watson – GM Oxtoby 26. The Co-operative Group Legal Advisers: Sacker & Partners Pension Scheme Investment Managers: Total Assets: £9.67bn AQR Capital Management; Actuary: Mercer – N. Brougham Ardevora Asset Management; Investment Advisers: Mercer Arrowgrass Capital Partners; Legal Advisers: Linklaters BlackRock; Brevan Howard Investment Managers: Asset Management; Bridgewater BlackRock; Cantillon Capital Associates; Brigade Capital UK; Management; Comgest Asset Burgundy Asset Management; Management International; Equity CBRE Global Investors; Futures; Fortress Investment Colonial First State Global Group; Insight Investment The Marks & Spencer Pension Scheme has almost £9bn in assets Asset Management; Coronation Management; LaSalle Investment Fund Managers; Credit Suisse Management; Legal & General Asset Management; Goldman Investment Management; 29. Marks & Spencer Pension Sachs Asset Management Marathon Asset Management; Scheme International; Gresham Investment Matthews; Mercer; Royal London Total Assets: £8.94bn Management; IFC; JO Hambro; Asset Management; Wellington Active Members: 11,020 Neuberger Berman; Nomura Management International Deferred Pensioners: 53,460 Asset Management UK; Oak Hill Custodian: BNY Mellon; HSBC Pensioners: 50,898 Capital Partners; Och-Zi£ Capital Securities Services Total Members: 115,378 Management Group; Paradice; Active Members: 10,709 Partners Group; Pzena Investment Deferred Pensioners: 41,073 30. British Coal Sta Management; Rogge Global Pensioners: 37,268 Superannuation Scheme Partners; Russell Investments; Total Members: 89,050 Total Assets: £8.65bn Semperian PPP Investment Actuary: Government Actuary’s Partners; Siguler Gu£; Veritas 27. Santander Pension Department – Martin Clarke; Asset Management; Wellington Scheme PricewaterhouseCoopers – Brian Management International Total Assets: £9.45bn Du¨n Custodian: J.P. Morgan Legal Advisers: Linklaters Active Members: 25,636 28. ICI Pension Fund Investment Managers: Alinda Deferred Pensioners: 16,732 Total Assets: £9.35bn Capital Partners; AnaCap Pensioners: 42,201 Actuary: Willis Towers Watson – Financial Partners; AQR Capital Total Members: 84,569 Graham McLean Management; Ares Management; Investment Advisers: Lane Atalaya; Baillie Gi£ord & Co.; 32. Royal Mail Pension Plan Clark & Peacock; Willis Towers BlackRock; BlueBay Asset Total Assets: £7.55bn Watson Management; Bridgewater Actuary: Willis Towers Watson – Legal Advisers: Allen & Overy; Associates; Cantillon Capital Colin Singer Squire Patton Boggs (UK) Management; Castlelake; Investment Advisers: Mercer Investment Managers: Alinda Edinburgh Partners; Genesis Legal Advisers: Burness Paull; Capital Partners; Beach Point Investment Management; Goldman CMS Cameron McKenna; Maxwell Capital; BlackRock; Brigade Sachs Asset Management Winward Capital UK; Genesis Investment International; H.I.G. European Investment Managers: Beach Management; Legal & General Capital Partners; Insight Point Capital; BlackRock; Brevan Investment Management; M&G Investment Management; JO Howard Asset Management; Investments; Prudential Hambro; Lansdowne Partners; Christo£erson; Robb & Company; Custodian: BNY Mellon; Northern LaSalle Investment Management; Dodge & Cox; Gramercy; Halcyon Trust Corporate & Institutional Lazard Asset Management; Legal & Asset Management (UK); Hamilton Services General Investment Management; Lane; HBK Capital Management; Active Members: 308 M&G Investments; Oak Hill Highbridge Principal Strategies; Deferred Pensioners: 8,699 Capital Partners; Odey Asset Intermediate Capital Group; Pensioners: 44,821 Management; Sankaty Advisors; LaSalle Investment Management; Total Members: 53,828 Schroder Investment Management; Lazard Asset Management;
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Legal & General Investment 35. Sainsbury’s Pension 37. Prudential Sta Pension Management; Loomis Sayles; Scheme Scheme Macquarie Infrastructure and Total Assets: £7.24bn Total Assets: £7.06bn Real Assets; MKP; Oaktree Actuary: Willis Towers Watson – Capital Management; Och-Zi£ 36. Lloyds Bank Pension Scheme Colin Singer Capital Management Group; No.2 Defined Benefit Section Investment Advisers: Willis Pacific Alliance Group; Quantum Total Assets: £7.06bn Towers Watson Energy Partners; River & Actuary: Willis Towers Watson Legal Advisers: Mayer Brown Mercantile Asset Management; Investment Advisers: Willis International Standard Life Investment; Towers Watson Investment Managers: Taconic Capital; Walter Scott & Legal Advisers: Sacker & Partners BlackRock; BlueBay Asset Partners; Wellington Management Investment Managers: Abbey Management; Legal & General International Life; Aberdeen Asset Management; Investment Management; M&G Custodian: J.P. Morgan Arcus Infrastructure Partners; Investments; Orchard Street Active Members: 97,023 Ares Management; Bank of Investment Management; Putnam Deferred Pensioners: 12,550 New York; Beach Point Capital; Investments; Silverfleet Capital Pensioners: 11,650 BlackRock; BlueBay Asset Custodian: BMK Wilson; Hogan Total Members: 121,223 Management; Brevan Howard Lovells International; J.P. Morgan; Asset Management; Bridgewater Silverfleet Capital 33. Airways Pension Scheme Associates; Brigade Capital UK; Active Members: 750 (British Airways) CBRE Global Investors; Credit Deferred Pensioners: 16,320 Total Assets: £7.51bn Suisse Asset Management; Pensioners: 19,519 Actuary: Willis Towers Watson – Equitable Life; First State Total Members: 36,589 Michael Pardoe Investments; Franklin Templeton Investment Advisers: Investments; Genesis Investment 38. Merseyside Pension Fund Allenbridge Investment Solutions – Management; Goldman Sachs Total Assets: £6.85bn Andrew Threadgold; Geo£ Lindey; Asset Management International; Actuary: Mercer Willis Towers Watson Lazard Asset Management; Investment Advisers: Aon Legal Advisers: Eversheds; Legal & General Investment Hewitt; PIRC (Pensions & Sacker & Partners Management; Nephila; Oak Hill Investment Research Consultants) Investment Managers: In House Capital Partners; Pathway Capital Legal Advisers: In House Custodian: State Street Management (UK); PIMCO Investment Managers: Amundi; Active Members: 661 Europe; Prologue Feeder Fund.; BlackRock; In House; J.P. Morgan; Deferred Pensioners: 1,459 Prudential; Rogge Global Partners; Legal & General Investment Pensioners: 25,148 Scottish Widows; Southeastern Management; M&G Investments; Total Members: 27,268 Asset Management; Standard Maple-Brown Abbot; Newton Life Investment; SteelRiver; Stone Investment Management; Nomura 34. Unilever UK Pension Fund Harbor Investment Partners (UK); Asset Management UK; Partners Total Assets: £7.48bn TCW; Wellington Management Group; Schroder Investment Actuary: Aon Hewitt – Richard International Management; State Street Global Whitelam Custodian: BNY Mellon Advisors United Kingdom; TT Investment Advisers: Aon Active Members: 4,755 International; Unigestion (UK) Hewitt; Mercer Deferred Pensioners: 26,324 Custodian: Northern Trust Legal Advisers: Linklaters; Pensioners: 21,402 Corporate & Institutional Services Slaughter and May; Travers Smith Total Members: 52,481 Active Members: 46,221 Investment Managers: Allianz Deferred Pensioners: 37,136 Global Investors; AXA Investment Pensioners: 47,724 Managers UK; Babson Capital Total Members: 131,081 Europe; BlackRock; CBRE Global Investors; Colliers Capital UK; 39. IBM Pension Plan Fidelity International; Goldman Total Assets: £6.74bn Sachs Asset Management Actuary: Willis Towers Watson International; Highbridge Investment Advisers: Russell Principal Strategies; In House; Investments; Willis Towers Watson Intermediate Capital Group; J.P. Legal Advisers: Boodle Hatfield; Morgan Asset Management; M&G Nabarro Investments; Northern Trust Asset Investment Managers: Advent Management; Ownership Capital; Capital Management UK; Apax Pantheon Ventures Partners; Bain Capital; BC Custodian: Northern Trust Partners; Berkshire Partners; Corporate & Institutional Services BlackRock; CBRE Global Active Members: 7,112 Investors; Cinven Partners; CQS Deferred Pensioners: 30,797 Management; Equitable Life Pensioners: 40,968 Marmite, one of Unilever’s many brands. Unilever UK Pension Assurance Society; Friends Life; Total Members: 78,877 Fund has total assets of £7.48bn HarbourVest Partners (UK);
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Active Members: 47,360 Deferred Pensioners: 38,003 Pensioners: 43,859 Total Members: 129,222
44. Zurich Financial Services UK Pension Scheme Total Assets: £6.34bn Actuary: Barnett Waddingham – M. Howard Investment Advisers: Hymans Robertson Legal Advisers: Simmons & Simmons Investment Managers: Columbia Threadneedle Investments; In House Custodian: Northern Trust Corporate & Institutional Services Active Members: 3,023 Deferred Pensioners: 21,278 Pensioners: 10,384 Total Members: 34,685
Newcastle-upon-tyne: Tyne & Wear Pension Fund has over 129,000 members 45. Alliance Boots Pension Scheme Total Assets: £6.33bn Hellman & Friedman; KKR; Management; Legal & General Actuary: Aon Hewitt – R. Mellor Legal & General Investment Investment Management; Marathon Investment Advisers: Savills Management; LGT Capital Asset Management; Meridiam Legal Advisers: Sacker & Partners Partners; Nephila; Northern Infrastructure; Mesirow Financial Investment Managers: Legal & Trust Asset Management; International UK; Nephila; General Investment Management; Pantheon Ventures; Permira Ownership Capital; Rothesay Life; Schroder Investment Management; Advisers; PIMCO Europe; Russell Royal London Asset Management; Wellington Management Investments; Stone Harbor Ru£er; Standard Life Investment; International Investment Partners (UK); Vontobel Asset Management Custodian: HSBC Securities Warburg Pincus International; Custodian: Linklaters; Northern Services Wellington Management Trust Corporate & Institutional Deferred Pensioners: 33,609 International; Welshman Carson Services Pensioners: 27,832 Anderson & Stowe; Windjammer Active Members: 20,838 Total Members: 61,441 Custodian: Northern Trust Deferred Pensioners: 61,510 Corporate & Institutional Services Pensioners: 40,257 46. South Yorkshire Pension Deferred Pensioners: 6,137 Total Members: 122,605 Fund Pensioners: 14,636 Total Assets: £6.25bn Total Members: 20,773 42. RWE npower Group Actuary: Mercer Defined Benefit Scheme Legal Advisers: Addleshaw 40. Centrica Pension Schemes Total Assets: £6.51bn Goddard; Burges Salmon; CMS Total Assets: £6.64bn Capital (previously Dundas & 43. Tyne & Wear Pension Fund Wilson CS); Pinsent Masons 41. The Pensions Trust Total Assets: £6.43bn Investment Managers: Total Assets: £6.63bn Actuary: Aon Hewitt; Hymans Henderson Global Investors; Actuary: JLT Employee Benefits – Robertson Partners Group Steven Robinson Investment Advisers: Hymans Custodian: HSBC Securities Investment Advisers: Cardano Robertson – P Potter Services Risk Management; Mercer; Investment Managers: Aberdeen Active Members: 51,516 Thomas Murray Advisory Services Asset Management; BlackRock; Deferred Pensioners: 51,129 Legal Advisers: Birketts; Henderson Global Investors; Pensioners: 46,050 Linklaters; Pinsent Masons In House; J.P. Morgan Asset Total Members: 148,695 Investment Managers: Ashmore Management; Lazard Asset Investment Management; AXA Management; Legal & General 47. Lancashire County Investment Managers UK; Investment Management; M&G Pension Fund BlackRock; Cardano; CBRE Global Investments; Mirabaud Asset Total Assets: £6.04bn Investors; First State Investments; Management; Sarasin & Partners; Actuary: Mercer Invesco Perpetual; King Street TT International; UBS Asset Legal Advisers: Pinsent Masons Capital Management; Lazard Asset Management Investment Managers:
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AGF Management; Arclight Infrastructure Partners; Baillie Ru£er; SL Capital Partners; Energy; Ares Management; Gi£ord & Co.; BlackRock; Standard Life Investment; Stone Babson Capital Europe; Baillie Edinburgh Investment Managers; Point Capital; T. Rowe Price Gi£ord & Co.; BlueBay Asset Jupiter Asset Management; KKR; Custodian: J.P. Morgan; Northern Management; Capital Dynamics; LaSalle Investment Management; Trust Corporate & Institutional CRC Christo£erson Robb & Co; Legal & General Investment Services; PFT EQT Funds Management; EQT Management; Wellington Active Members: 7,000 Infrastructure (General Partner); Management International Deferred Pensioners: 20,800 Global Infrastructure Partners; Active Members: 53,724 Pensioners: 7,300 Guild Investments; Hayfin Capital Deferred Pensioners: 28,721 Total Members: 35,100 Management; Heylo Housing; Pensioners: 31,581 Highstar Capital; HSBC Global Total Members: 114,026 52. Lothian Pension Fund Asset Management (UK); Icon Total Assets: £5.43bn Infrastructure; In House; Investec 50. BMW (UK) Operations Actuary: Hymans Robertson Asset Management; ISQ Global Pension Scheme Investment Advisers: KPMG – Infrastructure; Kames Capital; Total Assets: £5.75bn Gordon Bagot; Scott Jamieson Knight Frank Investment Investment Managers: Harris Management; Kreos; M&G 51. MMC UK Pension Fund Associates; In House; Nordea Investments; MFG Solicitors; Total Assets: £5.70bn Investment Management; Standard MFO King Street; MFS Investment Actuary: Mercer Life Investment Management; Monarch; Morgan Investment Advisers: Mercer Custodian: Northern Trust Stanley Investment Management; Legal Advisers: Linklaters Corporate & Institutional Services Muzinich & Co; Natixis Global Investment Managers: Cantillon Active Members: 32,079 Asset Management; Neuberger Capital Management; Columbia Deferred Pensioners: 17,444 Berman; Permira Advisers; Threadneedle Investments; Pensioners: 25,220 Pictet Asset Management; FIL Fund Management; First Total Members: 74,743 PIMCO Europe; Prima; Robeco Eagle Investment Management; Switzerland; Standard Life HarbourVest Partners (UK); 53. Network Rail Section Of Investment; Westmill Hayfin Capital Management; The Railways Pension Scheme Custodian: Northern Trust Henderson Global Investors; Total Assets: £5.38bn Corporate & Institutional Services Insight Investment Management; Active Members: 56,329 Intermediate Capital Group; 54. Hampshire Pension Fund Deferred Pensioners: 61,630 Investec Asset Management; Total Assets: £5.21bn Pensioners: 44,507 Legal & General Investment Actuary: Aon Hewitt Total Members: 162,466 Management; M&G Investments; Investment Managers: Aberdeen Martin Currie Investment Asset Management; CBRE Global 48. Diageo Pension Scheme Management; Mercer; Northern Investors; Grosvenor Fund Total Assets: £5.96bn Trust Asset Management; Management; Legal & General Actuary: Aon Hewitt – J. Miller Pantheon Ventures; Partners Investment Management; Morgan Investment Advisers: Hymans Group; Putnam Investments; Stanley Investment Management; Robertson Newton Investment Management; Legal Advisers: Linklaters Schroder Investment Management; Investment Managers: CBRE State Street Global Advisors Global Investors; Henderson United Kingdom; Western Asset Global Investors; Highbridge Management Co Principal Strategies; Insight Custodian: J.P. Morgan Investment Management; Legal & Active Members: 57,815 General Investment Management; Deferred Pensioners: 59,857 M&G Investments; Pantheon Pensioners: 36,519 Ventures; Prudential; Rogge Total Members: 154,191 Global Partners; Savills; Standard Life Assurance; Western Asset 55. Exxon Mobil Pensions Management Co. Total Assets: £5.20bn Custodian: Northern Trust Actuary: Willis Towers Watson Corporate & Institutional Services Legal Advisers: Hogan Lovells Active Members: 1,795 International; Sacker & Partners Deferred Pensioners: 15,729 Investment Managers: Aviva Pensioners: 26,838 Investors; BlackRock; Canada Total Members: 44,362 Life Asset Management; Horsley Bridge Partners; Irish 49. The Northern Ireland Life Investment Managers; Local Government Ocers’ Legal & General Investment Superannuation Committee Management; Northern Trust Total Assets: £5.82bn Asset Management; Phoenix Asset Investment Managers: Antin Johnnie Walker scotch whisky, part of the Diageo brand Management Partners
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Active Members: 2,406 59. Mars UK Pension Plan (inc. Kingdom; Woodford Investments; Deferred Pensioners: 7,091 Netherlands section) YFM Equity Partners Pensioners: 13,330 Total Assets: £4.68bn Custodian: J.P. Morgan Total Members: 22,827 Active Members: 49,816 60. Civil Aviation Authority Deferred Pensioners: 42,476 56. Essex Pension Fund (National Air Trac Services Pensioners: 37,260 Total Assets: £5.04bn Section) Total Members: 129,552 Investment Advisers: Hymans Total Assets: £4.68bn Robertson – J.Dickson; M.Woodman 63. AXA UK Group Pension Legal Advisers: In House; Nabarro 61. Fujitsu Defined Benefit Scheme Investment Managers: Alcentra; Schemes Total Assets: £4.57bn Aviva Investors; Baillie Gi£ord Total Assets: £4.61bn Actuary: Willis Towers Watson – & Co.; First State Investments; Actuary: Willis Towers Watson Jonathan Howes Goldman Sachs Asset Management Investment Advisers: Mercer Investment Advisers: Redington International; Hamilton Lane; Legal Advisers: Gowling WLG Legal Advisers: Travers Smith Legal & General Investment Investment Managers: Investment Managers: AXA Management; Longview Partners; BlackRock; CBRE Global Investors; Investment Managers – Real M&G Investments; Marathon Henderson Global Investors; Assets; AXA Investment Managers Asset Management; Partners Insight Investment Management; UK; Capital International Group; RWC Partners; Sta£ord Mercer; MFS Investment (CIL); F&C Asset Management; Capital Partners Management; Royal London Asset Grosvenor Fund Management; Custodian: Northern Trust Management M&G Investments; Wells Fargo; Corporate & Institutional Services Custodian: Northern Trust Western Asset Management Co Active Members: 54,584 Corporate & Institutional Services Deferred Pensioners: 19,068 Deferred Pensioners: 54,795 Deferred Pensioners: 9,481 Pensioners: 11,188 Pensioners: 37,791 Pensioners: 8,529 Total Members: 30,256 Total Members: 147,170 Total Members: 18,010 64. London Pensions Fund 57. Invensys Pension Scheme 62. Kent Pension Fund Authority Total Assets: £4.93bn Total Assets: £4.60bn Total Assets: £4.55bn Actuary: Punter Southall Actuary: Barnett Waddingham Actuary: Barnett Waddingham Transaction Services – S.M.Leake Investment Advisers: Hymans Legal Advisers: Bevan Brittan; Investment Advisers: P-Solve Robertson Eversheds; Stewart Law; Travers Investments Investment Managers: Baillie Smith Legal Advisers: Norton Rose Gi£ord & Co.; DTZ Investors; Investment Managers: 3i Fulbright Fidelity International; Goldman Group; BlackRock; BNP Paribas Investment Managers: AB; AXA Sachs Asset Management Investment Partners UK; Bridges Investment Managers UK; Barings; International; HarbourVest Ventures; Brookfield Investment BlackRock; GLG Partners; In Partners (UK); Henderson Management Inc; CBRE Global House; Legal & General Investment Global Investors; Impax Asset Investors; Cleantech Europe; Management; M&G Investments; Management; In House; Kames Coller Capital; Energy & Minerals Pioneer Investments Capital; M&G Investments; Group; GMPF &FA Infrastructure; Custodian: BNY Mellon Partners Group; Pyrford HarbourVest Partners (UK); Deferred Pensioners: 23,398 International; Sarasin & Partners; Hermes Investment Management; Pensioners: 47,914 Schroder Investment Management; Impax Asset Management; In Total Members: 71,312 State Street Global Advisors United House; Infrared Capital Partners; Insight Investment Management; 58. Vodafone Group Pension J.P. Morgan Asset Management; Scheme and the Cable LGT Capital Partners; M&G & Wireless Worldwide Investments; Meridiam Retirement Plan Infrastructure; MFS Investment Total Assets: £4.93bn Management; Montana Capital Actuary: Mercer – Stephen Geere Partners AG; Pantheon Ventures; Investment Advisers: Willis Permira Advisers; Pontoon Dock; Towers Watson Record Currency Management; Legal Advisers: Travers Smith Red Kite Mine Finance; Robeco Investment Managers: Insight Switzerland; Semperian PPP Investment Management; Legal & Investment Partners; Standard General Investment Management Chartered; YFM Equity Partners Custodian: J.P. Morgan; Northern Custodian: J.P. Morgan Asset Trust Corporate & Institutional Management Services Active Members: 17,264 Deferred Pensioners: 30,953 Deferred Pensioners: 27,874 Pensioners: 4,387 Pensioners: 33,838 Total Members: 35,340 Mars UK Pension Plan has total assets of £4.68bn Total Members: 78,976
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65. GSK Pension Scheme Total Assets: £4.53bn Actuary: Willis Towers Watson Investment Advisers: Cardano Risk Management Legal Advisers: Sacker & Partners Investment Managers: Legal & General Investment Management Custodian: BNY Mellon Active Members: 2,362 Deferred Pensioners: 7,419 Pensioners: 9,931 Total Members: 19,712
66. Nationwide Pension Fund Total Assets: £4.44bn
67. Sun Alliance Pension Scheme Total Assets: £4.39bn Actuary: Aon Hewitt – Simon Head Investment Advisers: Willis Towers Watson Legal Advisers: Sacker & Partners Sherwood Forest: Nottinghamshire Pension Fund Investment Managers: BlackRock; BlueBay Asset Management; Brandywine Global Investment Management Partners; Record Active Members: 34,848 Management; Bridgewater Currency Management; Russell Deferred Pensioners: 25,754 Associates; CBRE Global Investors; Investments; State Street Global Pensioners: 25,799 Coronation Fund Managers; Advisors United Kingdom; Tiger Total Members: 86,401 Equitix; Legal & General Investment Global Management; TOBAM; Management; M&G Investments; Vontobel Asset Management; 71. Nottinghamshire Pension Macquarie Infrastructure and Real Western Asset Management Co Fund Assets; Multi-Managers; Schroder Custodian: J.P. Morgan Total Assets: £4.07bn Investment Management; Standard Active Members: 51,000 Actuary: Barnett Waddingham Life Investment Deferred Pensioners: 40,000 Investment Managers: Aberdeen Custodian: State Street Pensioners: 29,000 Asset Management; In House; Active Members: 991 Total Members: 120,000 Kames Capital; Legal & General Deferred Pensioners: 14,827 Investment Management; RWC Pensioners: 10,324 70. Cheshire Pension Fund Partners; Schroder Investment Total Members: 26,142 Total Assets: £4.16bn Management; Standard Life Actuary: Hymans Robertson – Investment 68. AstraZeneca UK Pension John Wright Custodian: State Street Fund Investment Advisers: Mercer Active Members: 47,272 Total Assets: £4.37bn Legal Advisers: In House Deferred Pensioners: 41,509 Investment Managers: Adams Pensioners: 33,112 69. John Lewis Partnership Street Partners UK; Arrowgrass Total Members: 121,893 Pensions Trust Capital Partners; Baillie Gi£ord & Total Assets: £4.20bn Co.; BlueBay Asset Management; 72. Standard Life Sta Actuary: Willis Towers Watson BNY Mellon; Darwin Property Pension Scheme Investment Advisers: Willis Investment Management; Deutsche Total Assets: £4.00bn Towers Watson Asset Management – Real Legal Advisers: Sacker & Partners Estate; Fidelity International; 73. BAE Systems 2000 Investment Managers: 3i Group; GMO UK; Henderson Global Pension Plan Antin Infrastructure Partners; Investors; HgCapital; Legal & Total Assets: £3.99bn AQR Capital Management; General Investment Management; Actuary: Hymans Robertson – Blackstone; Coller Capital; Credit Lexington Partners UK; M&G P. Bloomfield Suisse Asset Management; Investments; Och-Zi£ Capital Investment Advisers: In House – DPE Deutschland; Fisher Management Group; Pantheon David Adam Investments UK; Harbour Group; Ventures; Permal Group; Legal Advisers: Nabarro Innisfree; Lansdowne Partners; Rockspring Property Investment Active Members: 1,928 M&G Investments; Meridiam Managers; Winton Capital Deferred Pensioners: 14,625 Infrastructure; Partners Group; Management Pensioners: 28,946 Permira Advisers; Phoenix Asset Custodian: BNY Mellon Total Members: 45,499
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74. E.ON UK Pension Scheme Goldman Sachs Asset Management Deferred Pensioners: 40,711 Total Assets: £3.99bn International; HarbourVest Partners Pensioners: 28,079 Actuary: Aon Hewitt (UK); In House; Insight Investment Total Members: 106,689 Investment Advisers: Aon Management; J.P. Morgan Asset Hewitt; Cardano Risk Management Management; Knightsbridge; 81. Bank of England Pension Legal Advisers: Field Fisher Lazard Asset Management; Legal & Fund Investment Managers: Aberdeen General Investment Management; Total Assets: £3.73bn Asset Management; Ashmore Longview Partners; Morgan Actuary: Punter Southall Investment Management; Stanley Investment Management; Transaction Services BlackRock; BlueBay Asset Partners Group; Record Currency Legal Advisers: Sacker & Partners Management; BlueMountain Management; Russell Investments; Investment Managers: Equitable Capital Partners (London); Brevan Sarasin & Partners; Schroder Life Assurance Society; Legal & Howard Asset Management; Investment Management; Standard General Investment Management; Capula Investment Management; Life Investment Prudential; Standard Life Carlson Capital; DTZ Investors; Custodian: Northern Trust Investment Insight Investment Management; Corporate & Institutional Services Custodian: In House Standard Life Investment; Walter Active Members: 36,785 Active Members: 3,964 Scott & Partners Deferred Pensioners: 30,051 Deferred Pensioners: 5,432 Custodian: BNY Mellon Pensioners: 38,446 Pensioners: 7,093 Active Members: 4,989 Total Members: 105,282 Total Members: 16,489 Deferred Pensioners: 7,124 Pensioners: 16,685 80. Avon Pension Fund 82. East Riding Pension Fund Total Members: 28,798 Total Assets: £3.74bn Total Assets: £3.71bn Actuary: Mercer Actuary: Hymans Robertson – 75. Imperial Tobacco Pension Investment Advisers: Mercer Douglas Green Fund Legal Advisers: Osborne Clarke Investment Managers: In House; Total Assets: £3.97bn Investment Managers: Schroder Investment Management BlackRock; BNY Mellon Custodian: State Street 76. GE Pension Plan Investment Management EMEA; Total Assets: £3.94bn Genesis Investment Management; 83. Southern Electric and Gottex Fund Management; IFM Scottish Hydro Electric 77. Siemens Benefits Scheme Investors; Invesco Perpetual; J.P. Pension Schemes Total Assets: £3.83bn Morgan Asset Management; Jupiter Total Assets: £3.70bn Actuary: Aon Hewitt Asset Management; Partners Investment Advisers: Willis Group; Pyrford International; 84. Derbyshire County Council Towers Watson Record Currency Management; Pension Fund Legal Advisers: CMS Cameron Royal London Asset Management; Total Assets: £3.67bn McKenna Schroder Investment Management; Actuary: Mercer Investment Managers: Invesco Signet Capital Management; Investment Advisers: Perpetual; Legal & General Standard Life Investment; State Allenbridge Investment Solutions Investment Management; Street Global Advisors United – Philip Williams; Aviva Investors Record Currency Management; Kingdom; Treasury Management; – Patricia O’Loughlin Standard Life Investment; UBS TT International; Unigestion (UK) Investment Managers: In Asset Management; Wellington Custodian: BNY Mellon House; Wellington Management Management International Active Members: 37,899 International Custodian: BNY Mellon Custodian: BNY Mellon Active Members: 65 Active Members: 40,030 Deferred Pensioners: 17,584 Deferred Pensioners: 27,240 Pensioners: 10,260 Pensioners: 26,622 Total Members: 27,909 Total Members: 93,892
78. RHM Schemes 85. G.E.C. 1972 Plan (Telent) (Premier Foods) Total Assets: £3.65bn Total Assets: £3.76bn 86. Yorkshire and Clydesdale 79. Staordshire County Bank Pension Scheme Council Pension Fund Total Assets: £3.59bn Total Assets: £3.75bn Actuary: Willis Towers Watson Actuary: Hymans Robertson Investment Advisers: Willis Investment Advisers: Hymans Towers Watson Robertson Legal Advisers: Sacker & Partners Legal Advisers: In House Investment Managers: Aviva; Investment Managers: BlackRock; CBRE Global Investors; Aberdeen Asset Management; Equitable Life Assurance Society; Capital Dynamics; Colliers CRE; RHM Schemes has total assets of £3.76bn Legal & General Investment
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Management; Northern Trust Independent Franchise Partners; Asset Management; Plainfield Ivory Investment Management; Asset Management; Pramerica; Legal & General Investment Prudential; Retirement Advantage; Management; Loomis Sayles; Rogge Global Partners; Standard M&G Investments; Macquarie Life Assurance; Vontobel Asset Infrastructure and Real Assets; Management Magnetar Capital; Morgan Stanley Custodian: Northern Trust Investment Management; Nephila; Corporate & Institutional Services Och-Zi£ Capital Management Active Members: 3,073 Group; Odey Asset Management; Deferred Pensioners: 15,529 Partners Group; Phoenix Asset Pensioners: 7,314 Management Partners; River Birch Total Members: 25,916 Capital; Rogge Global Partners; Sankaty Advisors; Southeastern 87. Hertfordshire County Asset Management; Standard Life Council Pension Fund British American Tobacco Pension Fund has 12,340 members Investment; State Street Global Total Assets: £3.58bn Advisors United Kingdom; Stone Actuary: Hymans Robertson Harbor Investment Partners (UK); Investment Advisers: Mercer – Investment Managers: Allianz Sun Capital Partners; TCW; Veritas Nick Sykes Global Investors; Ashmore Asset Management; Wellington Legal Advisers: In House Investment Management; Aviva Management International Investment Managers: Allianz Investors; Bridgewater Associates; Custodian: Northern Trust Global Investors; Baillie Gi£ord & CQS Global Funds (Ireland); Corporate & Institutional Services Co.; CBRE Global Investors; Global Fidelity International; Goldman Active Members: 6,855 Thematic Partners; HarbourVest Sachs Asset Management Deferred Pensioners: 2,170 Partners (UK); Henderson Global International; King Street Capital Pensioners: 3,407 Investors; In House; J.P. Morgan Management; Legal & General Total Members: 12,432 Asset Management; Jupiter Asset Investment Management; Management; Legal & General Longview Partners; Loomis 92. British American Tobacco Investment Management; LGT Sayles; Macquarie Infrastructure Pension Fund Capital Partners; Pantheon and Real Assets; Partners Group; Total Assets: £3.37bn Ventures; Permira Advisers; Russell Investments; Wellington Actuary: Hymans Robertson Royal London Asset Management; Management International Investment Advisers: Lane Clark Standard Life Investment Total Members: 139,645 & Peacock Custodian: BNY Mellon Legal Advisers: Linklaters Active Members: 35,384 90. Smiths Industries Pension Investment Managers: Deferred Pensioners: 35,835 Scheme BlackRock; Capital International Pensioners: 24,776 Total Assets: £3.52bn (CIL); Cube Infrastructure Fund; Total Members: 95,995 Active Members: 504 Franklin Templeton Investments; Deferred Pensioners: 11,482 ICG Longbow; Insight Investment 88. Philips UK Pension Fund Pensioners: 13,077 Management; Kames Capital; Total Assets: £3.55bn Total Members: 25,063 Legal & General Investment Actuary: Willis Towers Watson Management; Longview Partners; Investment Advisers: Redington; 91. Land Rover Pension Scheme M&G Investments; Partners Group Willis Towers Watson Total Assets: £3.40bn Custodian: BNY Mellon Legal Advisers: Gowling WLG Actuary: Aon Hewitt – Jonathan Active Members: 532 Investment Managers: Gainsford Deferred Pensioners: 2,749 BlackRock; Henderson Global Investment Advisers: Towers Pensioners: 9,059 Investors; In House; Phoenix Asset Watson Total Members: 12,340 Management Partners; Prudential; Legal Advisers: Linklaters; Record Currency Management; Squire Patton Boggs (UK) 93. Associated British Foods Rothesay Life; Selectinvest ARV Investment Managers: Advent Pension Scheme MC; Wellington Management Capital Management UK; Alcentra; Total Assets: £3.35bn International Arrowgrass Capital Partners; Actuary: Mercer – James Bourne Custodian: State Street Aviva Investors; BlackRock; Investment Advisers: Mercer Deferred Pensioners: 12,170 BlueBay Asset Management; Legal Advisers: Travers Smith Pensioners: 19,073 Brandywine Global Investment Investment Managers: Ares Total Members: 31,243 Management; Brevan Howard Management; Artemis Investment Asset Management; Cantab; CarVal Management; AXA; Beach 89. DHL Group Retirement Plan Investors; Energy Capital Partners; Point Capital; BlueBay Asset Total Assets: £3.54bn Equitix; Franklin Templeton Management; BNY Mellon; Actuary: Willis Towers Watson Investments; Fulcrum Asset Calamos International; Clerical Investment Advisers: Management; Gresham Investment Medical; CQS Management; Momentum Investment Solutions Management; Hayfin Capital Equitable Life; Goldman Sachs Legal Advisers: Sacker & Partners Management; Hosking Partners; Asset Management International;
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Top 100 directory_PP_151216.indd 39 12/12/2016 18:26 DATA TOP 100 PENSION SCHEMES 2016
H.I.G. European Capital Partners; Hayfin Capital Management; Hexavest; HgCapital; Insight Investment Management; Investec Asset Management; Liontrust Asset Management; Markham Rae; P-Solve Investments; Prudential; River & Mercantile Asset Management; Schroder Investment Management; Standard Life Investment; UBS Asset Management; Veritas Asset Management; Workman Custodian: BNY Mellon Active Members: 2,401 Deferred Pensioners: 8,091 Pensioners: 15,204 Total Members: 25,696
94. Devon Pension Fund Total Assets: £3.34bn Actuary: Barnett Waddingham Investment Managers: Aberdeen Asset Management; Aviva Investors; Baillie Gi£ord & Co.; Barings; In House; Lazard Asset Jaguar Pension Plan has total assets of £3.31bn Management; State Street Global Advisors United Kingdom; UBS Asset Management; Wellington Legal Advisers: Linklaters; Pensioners: 7,821 Management International Squire Patton Boggs (UK) Total Members: 16,627 Custodian: J.P. Morgan; Northern Investment Managers: Advent Trust Corporate & Institutional Capital Management UK; Alcentra; 97. Babcock International Services Aviva Investors; BlackRock; Group, Devonport Royal Active Members: 37,679 BlueBay Asset Management; Dockyard, Rosyth Royal Deferred Pensioners: 39,252 Brandywine Global Investment Dockyard and VT Group Pensioners: 29,135 Management; Brevan Howard Pension Schemes Total Members: 106,066 Asset Management; Cantab; Total Assets: £3.306bn Energy Capital Partners; 95. Scottish Power Pension Equitix; Franklin Templeton 98. BAA Pension Scheme Scheme Investments; Fulcrum Asset (Heathrow Airport Holdings) Total Assets: £3.32bn Management; Gresham Investment Total Assets: £3.29bn Actuary: Hymans Robertson – Management; Hayfin Capital Martin Potter Management; Hosking Partners; 99. ITV Pension Scheme Investment Advisers: Mercer Ivory Investment Management; Total Assets: £3.270bn Legal Advisers: Shepherd and Legal & General Investment Wedderburn Management; Loomis Sayles; 100. Pearson Group Pension Investment Managers: Lucidus Capital Partners; Plan BlackRock; BMO Capital Macquarie Infrastructure and Real Total Assets: £3.27bn Markets; BNY Mellon; CBRE Assets; Magnetar Capital; Morgan Actuary: Willis Towers Watson Global Investors; Deutsche Bank; Stanley Investment Management; Investment Advisers: Aon Hewitt Highbridge Mezzanine Partners 11; Nephila; Odey Asset Management; Legal Advisers: Linklaters Insight Investment Management; River Birch Capital; Rogge Investment Managers: Aberdeen M&G Investments; Standard Life Global Partners; Sanders Capital; Asset Management; Alinda Investment Sankaty Advisors; Standard Life Capital Partners; CBRE Global Custodian: BNY Mellon Investment; State Street Global All data in these tables Investors; EQT Infrastructure Active Members: 2,948 Advisors United Kingdom; Stone comes from Pension (General Partner); Infrared Capital Deferred Pensioners: 3,951 Harbor Investment Partners Funds Online as at 31 Partners; LaSalle Investment Pensioners: 8,520 (UK); Sun Capital Partners; October 2016. Should you Management; Legal & General Total Members: 15,419 TCW; Veritas Asset Management; have any queries about any Investment Management; Wellington Management of the information contained Meridiam Infrastructure; 96. Jaguar Pension Plan in these pages, please International contact Neil Blain at neil. Pantheon Ventures Total Assets: £3.31bn Custodian: Northern Trust [email protected]. Active Members: 221 Actuary: Aon Hewitt Corporate & Institutional Services To read Pension Funds Deferred Pensioners: 6,724 Investment Advisers: Willis Active Members: 5,383 Online in full, visit: www. Pensioners: 8,858 Towers Watson Deferred Pensioners: 3,423 pensionfundsonline.co.uk Total Members: 15,803
40 | 15 December 2016 www.professionalpensions.com
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