XPS Group responds to Mansion House Accord

XPS Group responds to Mansion House Accord

13 May 2025

Mark Searle, Senior Investment Consultant at XPS Group, commented: “As has been widely speculated, Mansion House II has expanded the Compact to a larger number of asset owners, and also increased the commitment size from 5 to 10%, with half being directed to UK investments. We think now is an exciting time regarding the private market opportunity set, as there’s a significant pipeline of assets becoming available on the secondary market from DB schemes as they approach buyout. These assets often have a focus on delivering cashflows, making them especially suitable for approaching, through and after retirement portfolios.

Regarding the UK focus, we’re concerned about the volume of the supply of UK private market assets, and we are glad to see this acknowledged by signatories of the Accord. To really drive improvements in member outcomes, we think savings adequacy needs to be addressed, and we’re hoping to see comment on the balance between short and long-term savings get addressed in the second stage of the government’s Pension Review.”