Royal London becomes signatory of the Mansion House Accord

Royal London has become a signatory to the Mansion House Accord.

The Accord expresses an intent, on a voluntary basis, of the signatories to achieve a minimum 10% allocation to private markets across the main default funds in their defined contribution (DC) schemes by 2030, with at least 5% of the total going to UK private markets.

Commenting on our signing of the Accord, Jamie Jenkins, Director of Policy at Royal London, said:

"There is a strong alignment between the long-term nature of people saving for retirement and the Government’s ambition to invest in areas of the economy needing long-term capital to stimulate growth. Private assets can provide a useful component in pension funds to provide diversification from more traditional asset classes.

"Aside from investment returns, anything that contributes towards economic growth would likely have broader benefits for people when they reach retirement, such as a better standard of living."