Pensions

UK pension funds up ambitions for private markets in new Mansion House Accord

Latest deal sees a host of top names pledge 10% towards the sector in a bid to boost economic growth

The Mansion House Accord, named after the famous building in the Square Mile, could see billions unlocked, but remains controversial among pension companies
The Mansion House Accord, named after the famous building in the Square Mile, could see billions unlocked, but remains controversial among pension companies Photo: Richard Baker/Getty Images

Some of the UK’s top pension funds are upping their ambitions in the private markets space in a bid to juice returns for investors and boost a sluggish economy.

Seventeen workplace pension providers have pledged to invest at least 10% of their defined contribution default funds into private markets by 2030, with at least 5% of the total allocated to the UK.

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