These group level figures include funds of funds that mainly invest in external funds (those run by other groups) or overseas funds. However, figures exclude funds investing in internal funds (i.e. those run by the same group) to avoid double counting of fund assets at group level.
This explains why the sum of the group level figures for funds under management is different to the totals shown in other reports (except in the case of ISA reports).
These figures include UK domiciled funds only.
**Data is uploaded approximately three months in arrears**
Most recent data available: December 2025
| Company | Retail Funds Under Management | Rank |
|---|---|---|
| BlackRock Investment Management (UK) Limited | 94,717,039,240 | 1 |
| Legal & General Investment Management Limited | 62,375,243,152 | 2 |
| Fidelity Worldwide Investment | 60,859,096,893 | 3 |
| Royal London Asset Management Limited | 27,046,641,826 | 4 |
| abrdn Fund Managers Limited | 25,657,133,617 | 5 |
| Jupiter Unit Trust Managers Limited | 25,401,263,503 | 6 |
| M&G Securities Limited | 24,953,032,417 | 7 |
| Invesco | 23,665,685,461 | 8 |
| BNY Mellon Fund Managers Limited | 22,730,670,715 | 9 |
| Fundsmith | 22,691,937,245 | 10 |
| Schroder Unit Trusts Limited | 21,992,878,769 | 11 |
| Baillie Gifford & Co Limited | 20,640,728,978 | 12 |
| Janus Henderson Investors | 16,894,893,240 | 13 |
| CT Investment Services Ltd | 16,323,730,127 | 14 |
| Apex Fundrock Ltd | 15,020,664,954 | 15 |
| Waystone Management (UK) Limited | 14,787,482,899 | 16 |
| Investment Fund Services Limited | 14,465,697,936 | 17 |
| First Sentier Investors | 11,270,386,253 | 18 |
| Liontrust Investment Partners LLP | 11,054,258,668 | 19 |
| Valu-Trac Investment Management Limited | 9,942,261,913 | 20 |
| Aviva Investors UK Fund Services Limited | 9,774,905,169 | 21 |
| Rathbone Unit Trust Management Limited | 7,883,143,221 | 22 |
| Margetts Fund Management Ltd | 7,864,011,092 | 23 |
| AXA IM UK Limited | 7,615,836,234 | 24 |
| HBOS Investment Fund Managers Limited | 7,506,833,534 | 25 |
| Quilter Investors Limited | 6,748,394,724 | 26 |
| Coutts RBS Collective Investment Funds Limited | 6,720,947,475 | 27 |
| Allianz Global Investors | 6,111,020,147 | 28 |
| Evelyn Partners Fund Solutions Limited | 5,669,411,039 | 29 |
| TrinityBridge | 5,572,370,730 | 30 |
| Omnis Investments Limited | 5,360,972,938 | 31 |
| Premier Portfolio Managers Limited | 4,636,575,635 | 32 |
| Columbia Threadneedle | 4,592,553,066 | 33 |
| Ninety One Fund Managers UK Limited | 4,513,272,917 | 34 |
| Franklin Templeton Fund Management Limited | 4,258,272,076 | 35 |
| Aegon Asset Management UK plc | 3,988,607,075 | 36 |
| FundRock Partners Limited | 3,673,676,297 | 37 |
| Seven Investment Management LLP | 3,664,884,982 | 38 |
| THESIS Unit Trust Management Limited | 3,208,537,794 | 39 |
| Scottish Widows Unit Trust Managers | 2,802,985,526 | 40 |
| Virgin Money Unit Trust Managers Limited | 2,581,629,784 | 41 |
| Sarasin Investment Funds Limited | 2,564,008,789 | 42 |
| J O Hambro Capital Management Limited | 2,500,400,482 | 43 |
| Santander Asset Management (SAM UK) | 2,268,612,369 | 44 |
| Schroder Personal Wealth Limited | 2,248,379,643 | 45 |
| Barclays Asset Managers Limited | 2,042,330,478 | 46 |
| Artemis Fund Managers Ltd | 1,593,782,602 | 47 |
| McInroy & Wood Portfolios Ltd | 1,464,519,591 | 48 |
| Vanguard Investments UK Limited | 1,347,577,843 | 49 |
| Morgan Stanley Investment Management Ltd | 1,340,725,622 | 50 |
| T. Rowe Price International Limited | 1,285,434,638 | 51 |
| NFU Mutual Unit Managers Ltd | 1,233,829,581 | 52 |
| SVM Asset Management Ltd | 1,153,443,292 | 53 |
| Lazard Fund Managers Limited | 1,111,799,980 | 54 |
| Orbis Investment Management (Luxembourg) SA | 1,048,984,363 | 55 |
| COURTIERS Asset Management Limited | 1,023,886,631 | 56 |
| Man Fund Management UK Limited | 862,295,193 | 57 |
| Baring Fund Managers Limited | 856,206,572 | 58 |
| Stonehage Fleming Investment Management Limited | 823,088,628 | 59 |
| Marks & Spencer Unit Trust Managers Ltd | 821,491,787 | 60 |
| Redwheel | 821,224,776 | 61 |
| Slater Investments Ltd | 763,983,543 | 62 |
| UBS Asset Management Funds Ltd | 687,630,888 | 63 |
| Conbrio Fund Partners Ltd | 612,845,804 | 64 |
| WAY Fund Managers | 509,963,977 | 65 |
| Thesis Unit Trust Management Limited on behalf of Quilter Cheviot Limited | 445,865,264 | 66 |
| Yealand Fund Services Limited | 280,002,290 | 67 |
| Wesleyan Unit Trust Managers Ltd | 266,777,916 | 68 |
| TIME Investments | 202,425,668 | 69 |
| Scottish Friendly Asset Managers Ltd | 188,676,237 | 70 |
| Cerno Capital Partners LLP | 184,716,937 | 71 |
| Thesis Unit Trust Management Limited on behalf of Meridiem Investment Management Limited | 158,925,405 | 72 |
| Equitile Investments | 151,355,695 | 73 |
| Aberforth Unit Trust Managers Limited | 141,269,613 | 74 |
| Consistent Unit Trust Management Co Ltd | 111,381,663 | 75 |
| Thesis Unit Trust Management Limited on behalf of Fulcrum Asset Management | 106,164,940 | 76 |
| Capital Group UK Management Company Limited | 40,441,391 | 77 |
| GAM | 39,407,733 | 78 |
| Oldfield Partners | 19,814,511 | 79 |
| EdenTree Investment Management Limited | 0 | 80 |
| Hargreaves Lansdown Fund Managers Limited | 0 | 80 |
| HSBC Asset Management (Fund Services UK) Limited | 0 | 80 |
| Natixis Global Asset Management | 0 | 80 |
| State Street Global Advisors UK Limited | 0 | 80 |
| Unicorn Asset Management Limited | 0 | 80 |
| Total | 634,287,545,090 |
