Reeves’ Project to Force Pension Funds Into UK Suffers Early Blow

After delays of a week the Treasury has announced the “Mansion House Accord” with 17 pension funds this morning signing up to Reeves’ expanded version of the Mansion House Compact negotiated by Jeremy Hunt in 2023. Eleven funds signed up for that one, which committed firms to allocated 5% of their defined contribution funds to unlisted equity by 2030…

Signers-on make up about 90% of the UK’s defined contribution pensions.[…] Read the rest