Seventeen major UK pension schemes have united under the Mansion House Accord to invest 10 per cent of their default funds into private markets, with half allocated to the UK, marking a bold industry-led shift toward using long-term capital to drive national growth, says Alastair King

In a landmark show of leadership, 17 of the country’s largest defined contribution (DC) pension schemes have come together under the Mansion House Accord, committing to invest 10 per cent of their default funds into private markets, half of which will be earmarked for the UK. This bold, industry-led move could unlock over £25bn for the UK economy by 2030, capital that will be deployed into major infrastructure projects, clean energy, high-growth businesses and the innovation powering our future.

This is the private sector backing Britain, and backing long-term value creation for millions of savers. The Accord builds on the momentum of 2023’s Mansion House Compact, which first saw DC pension........

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