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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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Evening StandardEvening Standard
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Pension providers ‘to boost saver outcomes and UK growth’ under new initiative

Pension assets in the scope of the new agreement total £252 billion.

·London, United Kingdom
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Evening Standard broke the news in London, United Kingdom on Monday, May 12, 2025.
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