Appendix C: AUM breakdown

As at 31 December 2025, our assets under management and advice totalled £203bn. Further details split by client type, asset class and investment region are below:

AUM by client type

AUM by asset class

Client type %

● 1 Institutional 77.6

● 2 Retail 22.4

Figures may not sum due to rounding

Client asset class%
● 1 Equity96.2
● 2 Balanced and multi asset2.9
● 3 Fixed Income0.9

Figures may not sum due to rounding