When Rachel Reeves unveiled the second Mansion House Accord last month, she was launching more than just a policy. She was presenting asset owners, investors and end customers with a vision for the future of UK investment.
Delivery of this vision will require the entire industry to pull together. Depressingly, nearly two years after the first Mansion House, signatories to the compact hold less than 1% of the total value of their funds in venture capital.
To achieve the government’s ambitions, pension funds need the support of the private sector, and venture capital firms have a clear role to play in giving the pension industry the knowledge and the platform to confidently make their allocation decisions.
The government and regulators must work closely with the pension industry to overcome barriers and facilitate the flow of capital into productive assets….
