Mansion House Compact unleashes 'superpower' of DC pensions

Mansion House Compact could ‘unlock’ £50bn of capital from DC funds by 2030

Jasmine Urquhart
clock • 8 min read
Mansion House Compact members will commit 5% of assets in default funds to unlisted equities by 2030
Image:

Mansion House Compact members will commit 5% of assets in default funds to unlisted equities by 2030

Firms have responded to the Mansion House Compact, which the government says could “unlock” £50bn of capital by 2030, saying the move could “unleash the superpower” of defined contribution (DC) schemes.

The compact, announced yesterday (10 July) in the chancellor's annual Mansion House speech, is an agreement between nine of the UK's largest DC pension providers to allocate 5% of assets in their d...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Investment

XPS review reveals 'wide divergence' in 2023 fiduciary investment performance

XPS review reveals 'wide divergence' in 2023 fiduciary investment performance

Portfolios most exposed to illiquid assets most likely to have suffered low returns

Jonathan Stapleton
clock 30 April 2024 • 1 min read
Partner Insight: ESG is critical element for real asset investors

Partner Insight: ESG is critical element for real asset investors

Real asset investors continue to favour environmental, social and governance factors, especially sustainability in real estate, according to Aviva Investors’ Real Assets Study 2024.

Aviva
clock 30 April 2024 • 1 min read
 Stories of the week: TPR funding statement; DWP; PIC

Stories of the week: TPR funding statement; DWP; PIC

TPR publishes DB funding statement; DWP 'remains committed' to AE expansion; PIC launches buyout solution

Sarka Halas
clock 26 April 2024 • 1 min read
Trustpilot