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

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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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