The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

M&G
M&G, an international savings and investments business, has reaffirmed its commitment to UK economic growth by becoming a signatory to the Mansion House Accord. It will invest at least 10 per cent of defined contribution (DC) default funds in private markets by 2030, with at least 5 per cent of the total allocated to the UK.

This builds on the original Mansion House Compact aimed at increasing private investments within the UK economy for the benefit of long-term savers, the firm said in a statement.

The Mansion House Compact and Accord are voluntary agreements driven by the pensions industry and supported by the UK Government and the City of London Corporation. They are intended to deliver improved financial outcomes for savers by enhancing access to the potentially higher net returns available from investing in unlisted equities as part of a diversified portfolio, all while helping UK long-term savers.

“Private markets play a fundamental role in shaping the world around us through long-term investment in real estate and infrastructure projects, alongside lending to and investing in companies that contribute to economic growth,” Andrea Rossi, CEO of M&G, said. “Reaffirming our commitment to the Mansion House agreements is aligned with our purpose which is to give everyone real confidence to put their money to work and our track record in private markets investment.”

“This is a responsibility we have undertaken for over 170 years through our £128 billion ($171 billion) With Profits Fund, demonstrating the power of collective investment for millions of people through the generations. With £100 billion invested in the UK economy, our savers enable the construction of schools, hospitals and homes, along with investing in UK companies that are positioned for future growth worldwide,” Rossi added.

M&G manages money for around 4.5 million retail clients and more than 900 institutional clients in 39 offices worldwide. At the end of 2024, the firm had £345.9 billion of assets under management and administration.