Since the Mansion House Compact of 2023, many large UK pension schemes have been committing to shift investment strategy. The Compact and follow-on initiatives aim to channel pension fund capital into growth assets – particularly those thought likely to improve UK economic performance. As a result, private equity, infrastructure, private credit and venture capital are
In this latest blog in our Mansion House series, we consider what trustees newly empowered to distribute surplus when the Pension Schemes Bill comes into force will first need to consider. Whatever the statutory framework, there will normally be competing possible uses of surplus, and charting a way through competing claims while meeting their fiduciary
In this latest blog in our Mansion House series, we take a look at the Government’s newly published industrial and infrastructure strategies. What is the Government hoping to achieve with these strategies, and what implications do they have for pension schemes’ investments?
As part of their commitment to the Mansion House Accord, major DC pension
In this latest blog on the Government’s Mansion House reforms, we consider regulatory restrictions on pension scheme investment and what they mean for the Government’s agenda. So, what are the implications for the recently announced Manion House Accord and the new Pension Schemes Bill?
Alongside trustees’ fiduciary duties (more on which you can read in
On 29 May 2025, the Government published the outcome of its February 2024 consultation on options for DB schemes. In a previous blog, we examined some of the key regulatory obstacles to unlocking DB scheme surplus, and explored some ways this could be made easier. But what does the Government think? We take a
In this our latest blog on Mansion House reforms, we turn from DC to DB, and more specifically to those record surpluses that many schemes are now enjoying.
These have understandably caught the eye of the Government. Imagine what UK plc could do with a £150bn cash injection – and imagine the tax on it.
In this third blog on the Mansion House reforms, by way of an update to our second, we turn our attention to the new Mansion House Accord and how it relates to the old Mansion House Compact. This is a different strand of Government policy – it is not legally binding, but rather a voluntary
In our first blog on the Government’s Mansion House reforms we considered the humble fiduciary duty, and its potential to deter trustees from investing in UK growth assets.
In this second blog we turn our attention to proposed changes to the Mansion House Compact. This is a different strand of Government policy – the Compact
This is the first in a series of blogs about the Government’s Mansion House reforms, and its goal to get pension schemes doing more for the UK economy.
Perhaps the biggest challenge to the Government’s ambition for pension schemes to drive UK growth is the humble fiduciary duty. Put simply, trustees must choose investments that