27/05/2025

 

HM Treasury has announced that seventeen of the UK’s largest pension providers, covering around 90% of defined contribution (DC) savers, have signed the new Mansion House Accord. This voluntary agreement aims to boost pension returns while also supporting long-term economic growth in the UK.

Under the Accord, providers have committed to investing at least 10% of their default DC pension funds in private market assets by 2030. These include investments in infrastructure, clean energy and UK-based businesses. The government estimates this could unlock up to £50 billion of investment into the UK economy.

The initiative is designed to give pension savers more diversified portfolios and, over time, potentially higher returns. More information can be found here: https://www.gov.uk/government/news/pension-schemes-back-british-growth