Chancellor Rachel Reeves has signed the Mansion House Accord agreement with the pensions industry on Monday morning in London. The Mansion House Accord aims to help defined contribution (DC) pension savers by harnessing higher potential net returns available in private markets, as well as strengthening investment in the UK. Those signing up commit to allocating at least 10% of their DC default funds in private markets by 2030, with at least 5% of the total allocated to the UK, assuming that there is a sufficient supply of suitable assets.