The Pensions Regulator (TPR) has launched a market intelligence initiative to examine how defined contribution (DC) and defined benefit (DB) pension schemes invest in growth assets, including private markets and infrastructure, and to understand the barriers and enablers to greater long-term allocation. The current phase uses TPR sector insights and targeted engagement with investment consultancies, industry bodies, DC and DB schemes and potentially supply-side providers to assess available market opportunities and investment vehicles, their limitations, and what is constraining uptake, with an emphasis on UK investment opportunities. The work sits alongside recent market initiatives such as the voluntary Mansion House Accord, under which 17 workplace pension providers have signalled an intent to increase private market investment by 2030, and the Sterling 20 partnership, and follows TPR’s private markets guidance published last year. TPR also set expectations that trustees strengthen governance, skills and access to professional advice to consider diversified portfolios, and indicated it will challenge schemes that fall short to consider whether consolidation into larger vehicles would better serve savers. TPR plans to complete its engagement by the end of 2025, share findings with government and publish a market oversight report in 2026.

Original source View in tracker