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Mansion House Compact: ABI reports UK DC pension providers double exposure to unlisted equities, progressing towards 5% by 2030 amid client resistance and calls for policy and regulatory support

Published on: 20 October 2025

Published by a Law360 reporter
Legal News
Article summary

According to the ABI, major pension firms lifted their allocations to unlisted shares by £800m over the 12 months to the end of February 2025, channelling money via defined contribution (DC) portfolios. The move increases DC funds’ stake in privately held businesses — including start-ups and other expanding firms — from 0.36% to 0.6%. In July 2023, DC scheme providers collectively pledged, under the so‑called Mansion House Compact, to place up to 5% of their assets into unlisted equities by 2030...

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