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Largest Financial Companies in the UK in Jan 2022

Top 20 Largest UK Financial Companies You Need to Be Aware Of

Contributors: Nicola Date, Katherine Read. Reviewed by Francis Hui

It's No Secret That Financial Companies in the UK Are Large and Powerful. Whether You're Looking For a Mortgage, Insurance, or an Investment, Chances Are One of These Financial Giants Who Will Be Able to Help.

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The 20 Largest UK Financial Companies: A Definitive List

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The financial industry in the UK has been growing rapidly over the past few years. With financial companies popping up all over the country, it can be not easy to keep track of them all. The financial services industry is complex, and many people don’t know what they are getting into when they sign up for a new financial service or company.

In this article, we’ll take a look at some of the largest financial companies in the UK so you can make an informed decision about where to put your money!

#1: HSBC

HSBC has a long history in financial services, and they operate in over 80 countries. They are one of the largest financial companies in the world, with assets worth £216 trillion. HSBC aims to help its customers live well by providing them financial solutions that enable development, growth, and stability around the globe.

HSBC

#2: Barclays

Barclays is the third-largest financial company globally, and they offer many financial services through their subsidiaries1. They are headquartered in London and have assets worth £601 trillion! Barclays has over 100 million customers worldwide, with a presence in more than 50 countries.

Barclays

#3: The London Stock Exchange Group

The London Stock Exchange Group serves as a financial company that offers financial products and services to companies, investors, governments, and financial institutions. They are headquartered in London with over 400 offices around the world!

London Stock Exchange

#4: Lloyds Banking Group

Lloyds Banking Group is the second-largest financial company in the UK. They offer a wide range of financial products and services, including savings accounts, mortgages, personal loans, credit cards, commercial banking services2, and insurance and pensions.

Lloyds Banking

#5: Prudential

Prudential is one of the financial giants in the UK. They are headquartered in London and have assets worth £763 trillion! Prudential has been around for over a century, providing financial products to their customers like life insurance, pensions, investment funds, mortgages loans, savings accounts, etc.

Prudential

#6: Aviva

Aviva is one of the largest financial companies in the UK. They have been around since 1847 and operate in over 25 countries with assets worth £263 trillion! Aviva offers financial products like life insurance, pensions, savings accounts, mortgage loans, and investment funds to their customers.

Aviva

#7: Standard Chartered

Standard Chartered is a financial company based in London that offers financial products and services to individuals, corporations, governments, financial institutions, and high-net-worth clients. They have assets of £129 trillion!

Standard Chartered

Legal and General is a financial company that offers financial products like life insurance, pensions, savings accounts, mortgage loans, and investment funds to their customers. They have assets worth £768 trillion! They are headquartered in London with branches all over the world.

Legal and General

#9: Scottish Mortgage Investment Trust

Scottish Mortgage Investment Trust is one of the financial giants in the UK. They are headquartered in Edinburgh with assets worth £24 trillion, and they are focused on financial products like mortgages, savings accounts, and investments funds.

Scottish Mortgage Investment

#10: NatWest Group

NatWest Group is headquartered in London, and they offer financial products like mortgages, savings accounts, credit cards, and insurance and pensions. They have assets3 worth £111 trillion, and they have over 500 financial centers in the UK and abroad.

NatWest Group

#11: Pershing Square Holdings

Pershing Square Holdings is a financial company that offers financial products and services to individuals, financial institutions, governments, and high-net-worth clients. They have assets worth £147 trillion, and the financial company is headquartered in London with over 400 offices worldwide.

Pershing Square

#12: M&G Investments

M&G is a financial company that offers financial products and services to its customers. They have assets worth £434 trillion, and they are headquartered in London with over 200 offices worldwide. M&G provides financial solutions for individuals and financial institutions like pensions, savings accounts, mortgages loans, etc.

M&G Investments

#13: St. James’s Place Wealth Management

St. James’s Place Wealth Management is a financial company headquartered in London, England, that was founded in 1835 as the investment arm of St. James’s Church, Piccadilly. The financial group offers financial planning and advice to individuals based on their needs, emphasizing wealth accumulation through property or shares investments for retirement purposes.

St. James Place

#14: Standard Life Aberdeen

Standard Life Aberdeen is a financial company headquartered in Edinburgh, Scotland. The financial group offers life insurance and pensions, and other financial products to individuals from the UK market.

Standard Life

#15: RSA Insurance Group

RSA Insurance Group is a financial company based in London, England. The financial group operates as a holding company for its subsidiaries, providing insurance and related financial products to individuals primarily from the UK market.

RSA Group

#16: Phoenix Group Holdings

Phoenix Group Holdings is a financial company headquartered in London, England. The financial group operates as an insurance and investments provider to individuals primarily from the UK market with operations throughout Europe and the Asia Pacific.

Phoenix Group

#17: Hargreaves Lansdown

Hargreaves Lansdown is a financial company headquartered in Bristol, England. The financial group offers financial products to individuals primarily from the UK market, including investments and pensions, financial planning, financial advice, and stockbroker4 services.

Hargreaves Lansdown

#18: Admiral Group

Admiral Group is an insurance company that operates in the United Kingdom and Ireland. It’s headquartered in London, England, with offices in Edinburgh, Manchester, and Dublin. The company has a range of financial services products for personal and commercial customers.

Admiral Group

#19: Schroders

Schroders is a financial services company based in London, England, that primarily offers financial advice and asset management. The firm has offices worldwide, including Singapore, Hong Kong, San Francisco, New York City (USA), Sydney (Australia), Zurich (Switzerland), and Dubai.

Shroders

#20: 3i Group

3i Group is a financial institution that provides private equity, venture capital, and growth financing to small-to-medium-sized companies. The financial company was founded in 1964 by Sir Tom Cowie.

3i Group

Common Questions

What Are Financial Companies?

How Are Financial Firms Regulated in the UK Market?

What's the Purpose of Financial Companies?

How Do I Choose a Financial Company?

In Conclusion

The financial industry in the UK is thriving. As of 2015, there are over 500 companies licensed to provide investment advice and services. As Brexit looms on the horizon, these numbers will only continue to grow as more people look for ways to protect their investments.

With this in mind, we’ve compiled a list of our favorite British-run finance firms that you can turn to when looking for help managing your money or structuring an investment plan based on your needs and goals.

Whether you want someone specializing in stocks or bonds, trusts or wills, it doesn’t matter because one of these businesses has got you covered!

References

  • www.disfold.com/top-uk-financial-companies/
  • www.welpmagazine.com/these-are-the-top-finance-companies-in-united-kingdom-2021/
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rachel w

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
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Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.
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Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
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Katherine Read
Consumer Affairs Writer

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.
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Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

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