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Government hails new agreement with pension providers to boost investment in UK firms

  • Seventeen workplace pension providers signed the Mansion House Accord in 2025 to boost investment in UK firms and growth.
  • Building on the 2023 Mansion House Compact, the new agreement increases the target for pension funds to allocate a minimum of 10% of their default defined contribution assets to private market investments by the year 2030.
  • Signatories pledge at least 5% of assets into UK opportunities, assuming sufficient supply of suitable assets, to harness higher returns and support innovation.
  • Chancellor Rachel Reeves stated that this initiative will release substantial funding for key projects in infrastructure, renewable energy, and innovative start-ups, helping to grow pension funds and enhance retirement security.
  • The accord aims to strengthen the UK economy by deploying £25 billion into productive assets, while the government promises a strong pipeline of investable assets.
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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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  • 43% of the sources lean Left, 43% of the sources are Center
43% Center
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Evening Standard broke the news in London, United Kingdom on Monday, May 12, 2025.
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