Mansion House Accord one year on: Where the UK is heading - PEI Private Equity

A year after the Mansion House Accord, senior executives at Schroders say UK pension schemes are continuing to move assets toward private markets, with the shift supported by policy, regulation and supporting infrastructure, according to a PEI Private Equity analysis by Carmela Mendoza published on 13 July 2026.

The article attributes the pace of this transition to two main variables: fee mechanics and the closing of the growth capital gap. Schroders' executives frame these as the key determinants of how quickly defined contribution and other pension schemes can allocate to private assets, though the primary source available for this summary is brief and does not provide further quantitative detail, specific fund figures or individual timelines.

For institutional allocators and limited partners, the story signals that regulatory momentum in the UK is viewed by industry participants as a structural tailwind for private market allocations. Fee design and the ability to channel capital into growth-stage companies are presented as the practical constraints that will shape how far and how fast that momentum translates into deployed capital.