Launch of Mansion House Accord

Commenting on the launch of Mansion House Accord, Alison Leslie, Head of DC Investment Services, Hymans Robertson, says:

"We are really pleased and encouraged by the voluntary Mansion House Accord which strikes a perfect balance between fiduciary duty and moving the policy agenda forwards. A voluntary accord signals a meaningful and purposeful way of putting to work billions of pounds of pension scheme assets, however we do not believe mandation to be a good way forward.

"We have seen great examples of UK investment delivering good returns for local areas through the LGPS pools to date, and believe there are good opportunities to invest in the UK for DC savers as well. The Mansion House Accord should deliver better member outcomes whilst supporting the economy that many savers will retire into. Too often the two ambitions are looked at in isolation. Seeing this as a complete picture is necessary for both ambitions, and the developments today signal a big step forward in building UK savers pots for a UK worth retiring into."