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Seven managers dominate £112bn ‘third-party’ pensions market

Defined-contribution pensions are increasingly the norm among the UK’s workforce and are set for further growth following government reforms

Just seven fund management firms have captured 84% of the £112bn available for investment by new-style defined-contribution pension plans in the UK, according to research which examines the market in depth for the first time.

The top firms are passive equities houses BlackRock and Legal & General Investment Management and active firms Baillie Gifford, Invesco Perpetual, JP Morgan Asset Management, Schroders, and Standard Life Investments.

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