ONE of the largest pension providers in Britain has invested in the US surveillance and AI tech firm Palantir, according to an investigation.

Asset management firm Legal & General, which runs pensions for large British corporate employers such as Tesco, Boots and Marks & Spencer had £1.9 billion invested in the controversial tech company at the end of 2025.

Another £255.5m worth of Palantir shares was held by other major pension provider Aviva over the same period.

One in three of all workplace pensions in Britain are provided by either Legal & General or Aviva.

The investigation was published by a group of European news organisations looking into filings from the US financial regulator, the Securities and Exchange Commission.

It was led by Dutch news outlet Follow the Money and worked alongside British website, the Nerve.

Perhaps best known for offering services to Ice immigration services in the US and the Israeli military, Palantir has come under renewed scrutiny over its contracts with government departments such as the NHS and the Ministry of Defence.

Labour MP for Norwich South Clive Lewis said that up to one in three British people saving for their retirement may be unknowingly funding Palantir.

He said: “The state embeds companies like Palantir at the heart of its infrastructure. Those companies extract value from public data. And millions of people’s pensions are then used to finance their expansion.

“Up to one in three UK savers may now be caught in that loop without knowing it.”

The investigation revealed that over 100 major banks, asset managers, insurers and pension funds across Europe held at least £20bn worth of shares in Palantir.