They'll have wealthy clients and plenty of 'normal' clients as well, how many on this forum have shares in vanguards index trackers for example... a lot judging by the stock market thread.I think both of those companies have wealthy clients, investors may want anonymity.
So that doesnt disprove only a very small minority is owned by pension funds.
But I do agree the tiny bit been owned by pension funds I havent seen proof of either. I suppose the pension funds bit came up because Truss said in an interview one of the reasons for not windfalling was to protect pension funds.
Nearly everyone starting a pension now and in recent years is on a DC scheme, your pension is linked directly to the stock market.