UK pension schemes: opportunities for private capital across defined benefit and defined contribution

10 April 2025

With an estimated market size of approximately £4tn, the UK pension market is the largest in Europe and second largest in the world after the US.

The market is evolving in a number of ways as multiple consultations and policy changes have been proposed across defined benefit (DB) and defined contribution (DC) schemes. 

In this report, we intend to take stock of the ongoing reforms and their impact on each sub-sector of UK occupational pensions, and the opportunities and challenges they may pose for private capital.

Click on the image below to read the full update, or visit Investor Intelligence | Macfarlanes Private Capital Solutions.