Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the potential impact of the recently announced Mansion House Accord on economic growth.

Seventeen of the largest workplace pension providers in the UK have signed the Mansion House Accord, a voluntary commitment which will see signatories allocating at least 10 per cent to private markets across all main defined contribution (DC) default funds by 2030, with at least half (5 per cent) of the total invested in the UK.

The Government welcomes the Accord which, via more diverse portfolios, can improve outcomes for savers and boost growth for Britain with greater investment in the likes of infrastructure and fast-growing businesses across the country.