We welcome the progress of the Mansion House Compact, which continues to demonstrate encouraging momentum in its early stages. Signatories have doubled their investment in unlisted equities compared with last year — an increase outpacing the broader defined contribution market. It is vital that both government and industry build on this progress by promoting a shift in focus from cost to long-term value for money when selecting pension funds, as championed by the Employer Pension Pledge.
NEWS | Investment in unlisted equities hits £1.6bn under Mansion House Compact Signatories of the ‘Mansion House Compact’ have maintained steady progress on their ambition to increase pension investment into unlisted equities and deliver long term value for savers. The latest update from the ABI – whose role it is to track signatories' progress – shows investment in unlisted equities held through Defined Contribution (DC) default funds has doubled since last year, growing from £0.8 billion to £1.6 billion. Read the press release and the full quote from Yvonne Braun OBE - https://lnkd.in/e6AGgF-N #TheABI #Insurance #LongTermSavings #MansionHouseCompact #PensionInvestment