Mansion House Compact
2023 pledge by UK pension providers to invest 5% of default funds in unlisted equities by 2030.
The Mansion House Compact is a voluntary pledge by pension providers to invest more retirement savings in unlisted companies while acting in savers’ interests.
Last refreshed: 22 October 2026 · Appears in 1 active topic
Timeline for Mansion House Compact
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Pension providers sign the Mansion House Compact to express their investment intentions voluntarily. It seeks to increase pension allocations to unlisted equities, meaning shares in companies that do not trade on a public stock exchange. Its commitments concern how providers invest long-term savings, with savers’ interests remaining the governing condition. [Compact text](https://www.theglobalcity.uk/PositiveWebsite/media/Research-reports/Mansion-House-Compact-Signatories-updated.pdf)
The Compact covers default defined-contribution pension funds, where members’ retirement pots depend on contributions and investment returns. Signatories can use existing or new investment vehicles, including joint arrangements. The later Mansion House Accord covers a broader set of private-market investments; providers participating in both can count Compact progress towards the Accord. The Compact itself is an expression of investment intent rather than legislation or a fund that accepts deposits. [HM Treasury](https://www.GOV.UK/government/news/britains-biggest-pension-funds-back-regional-growth-drive)
What is the Mansion House Compact?
What allocation does the Compact target?
How does the Compact relate to the Mansion House Accord?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 22 October 2026. Editorial standards.