We’re thrilled to announce that we’ve recently surpassed a major milestone of £30bn in assets under management (AUM).

This reflects a trend of continued asset growth, as we’re currently on track to reach over £50bn in AUM over the next 5 years and potentially £100bn within 10 years, which will position us among the world’s largest pension schemes and one of the world’s top 100 asset owners.

What this growth means for us as a provider

Our increasing scale allows for more profits to be reinvested into products and services, offering better insights for advisers and better value for employers and members. We work to ensure our profits are aligned with members’ best interests and build on our delivery to them. This can be achieved through economies of scale and greater portfolio diversification, reduced risk, stronger stewardship, and ultimately enhanced returns.

Growth also helps us to diversify our portfolio and strengthen our Environmental, Social and Governmental (ESG) principles even further. These investments will give us more control and influence over the standards of governance and sustainability practices that companies and projects need to meet to for our investment.

Our Chief Executive Officer, Patrick Heath-Lay said,

“This is a very significant moment for us, and we are on a path to becoming a £100 billion fund, which would make us one of the biggest in the world. Becoming a major asset owner will enable us to invest in a wider range of asset classes with the aim of generating higher returns and even more value for money for our members. It will also mean that we can have more of a positive influence on environmental and social standards companies need to meet to be invested in our portfolio.”

“As a business without shareholders, our increasing scale gives us the ability to deliver exceptional value directly back to members. Our success going forward will be built on ensuring that we continue to do the right things for our members.”

Mark Condron, Chair of The People’s Pension Trustee, said,

“To reach £30 billion assets under management just 12 years after the launch of The People’s Pension is hugely significant. Our growing scale allows us to deliver greater value through improved portfolio diversification, reduced risk, and enhanced return.”

As our assets continue to grow, so will our steadfast approach of putting our members’ interests at the heart of everything we do.