Fund Management
Over 50,000 people are employed in the sector and its supporting services. Concentrated predominantly in London and Scotland, some of the top firms ranked by funds under management are: Fidelity Investments, Halifax Investment Fund Managers, Invesco Perpetual, Jupiter Unit Trust Managers, Legal & General Investment Management, M&G Securities, Mellon Fund Managers, Schroder Investment Management, Scottish Widows Unit Trust Managers and Threadneedle Investment Services.
- The UK fund management sector contributed £8.0 billion to GDP in 2006.
- Institutional funds in the UK have increased by over 50 per cent over the last decade and in 2006 they accounted for 66 per cent of all funds under management.
- The UK manages pension fund assets of £1.5 trillion – the second largest in the world