Mansion House Accord: Pension providers target 10% investment in private markets

5% of signatories' workplace pension schemes to be invested in UK private market assets by 2030

Holly Roach
clock • 5 min read

A total of 17 of the largest UK workplace pension providers have signed the Mansion House Accord – expressing their intent to invest at least 10% of their defined contribution (DC) default funds in private markets by 2030, with at least 5% allocated to the UK.

Confirmed today (13 May), the Mansion House Accord – jointly led by the Association of British Insurers (ABI), the Pensions and Lifetime Savings Association (PLSA) and the City of London Corporation – is a voluntary expression of intent by signatories to facilitate access for savers to the higher potential net returns that can arise from investment in private markets as part of a diversified portfolio, as well as boosting investment in the UK. The pension providers that have signed include Aegon UK, Aon, Aviva, Legal & General, LifeSight, M&G, Mercer, NatWest Cushon, Nest, Now Pensions, ...

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