Nest has surpassed £2bn in commitments to its private equity mandate, which is managed by HarbourVest Partners.

The commitment has risen from an initial commitment of £750m when the asset manager was appointed to manage the mandate in 2022. The mandate aims to give Nest members diversified exposure to private companies and provide attractive long-term, risk-adjusted returns by investing selectively in high-quality businesses through co-investments. It has exposure to more than 60 privately held companies across 17 countries. The HarbourVest-managed mandate forms part of Nest’s broader private equity strategy. As at the end of June, around 5 per cent of Nest’s £68.4bn of assets under management was invested in private equity.

Pension-finding platform Raindrop found 51,600 lost or dormant pots in Q3 2026, up from 15,300 in the same period last year.

The value of lost pension pots tracked by the platform has increased by 133 per cent year-on-year, rising from £165m in Q3 2025 to £384m in the third quarter of 2026. The largest pot tracked down by Raindrop in Q3 2026 was worth more than £766,000, while the highest value pot found since launch was worth over £1m. In total, Raindrop's pension-finding technology has reunited customers with over £2bn from more than 230,000 lost or dormant pension pots since launch, working with providers such as AJ Bell, Monzo, and Mylo from Aegon.

Seven in 10 Londoners would be willing to invest their pension in solutions to tackle social issues such as homelessness, as long as they didn’t negatively impact returns, according to Better Society Index.

This was the highest of any region in the UK and well above the nationwide average of 52 per cent. The West Midlands was the second highest scorer with 57 per cent, followed by the East of England (52 per cent) and the North (50 per cent). Those in the East Midlands were the least likely to be willing to invest their pensions in solutions to address social issues, with just 39 per cent saying they would be open to the idea.

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