Pension schemes pledge to ‘back British’ with £25 billion private markets investment

For pension savers, the commitment to invest in private assets could mean higher returns

Chancellor Rachel Reeves in photograph.
Rachel Reeves said the step would "unlock billions for major infrastructure, clean energy, and exciting startups"
(Image credit: Tolga Akmen/EPA/Bloomberg via Getty Images)

Seventeen of the UK’s largest workplace pension providers have said they will invest at least 5% of savers’ money in British private markets investments.

The so-called Mansion House Accord unlocks up to £50 billion of investment in the economy, with half of that directed to major British infrastructure projects.

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Laura Miller

Laura Miller is an experienced financial and business journalist. Formerly on staff at the Daily Telegraph, her freelance work now appears in the money pages of all the national newspapers. She endeavours to make money issues easy to understand for everyone, and to do justice to the people who regularly trust her to tell their stories. She lives by the sea in Aberystwyth. You can find her tweeting @thatlaurawrites

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