Government hails new agreement with pension providers to boost investment in UK firms
- Seventeen workplace pension providers signed the voluntary Mansion House Accord in May 2025 to boost investment in UK firms and grow savers' assets.
- The Accord builds on the 2023 Mansion House Compact and raises the target to allocate at least 10% of defined contribution default funds to private markets by 2030.
- Signatories commit to investing at least half of that 10%—or 5% of total funds—in UK assets if suitable investment opportunities exist, supported by government and industry leaders.
- The government estimates the Accord could release £25 billion into the UK economy by 2030, enabling investment in infrastructure, clean energy, and start-ups, as Chancellor Rachel Reeves stated.
- The Accord aims to strengthen long-term UK investment, diversify pension portfolios, and improve retirement security, but success depends on a steady supply of quality investment opportunities.
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British pension funds pledge US$66bil boost for private assets
LONDON: Major British pension funds pledged on Tuesday to pump up to 50 billion pounds (US$66 billion) of additional investment into UK businesses and infrastructure, as the government leans on private capital to fund public projects and boost growth. © New Straits Times Press (M) Bhd
Government hails new agreement with pension providers to boost investment in UK firms
Seventeen workplace pension providers will today sign up to a voluntary initiative called the Mansion House Accord, which ministers say could release £25bn directly into the UK economy by 2030.
UK Pension Funds Agree to Invest 5% at Home in New Reeves Deal
UK pension fund managers have agreed to invest at least 5% of their assets at home, marking a win for the Labour government that’s seeking to boost the economy by drawing billions of pounds into local startups and infrastructure projects.

Pension providers ‘to boost saver outcomes and UK growth’ under new initiative
Pension assets in the scope of the new agreement total £252 billion.
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