More than half (52 per cent) of savers agree that pension funds should invest more in the UK while only 8 per cent disagree, research from Natwest Cushon has revealed.

The research showed that younger savers were more likely to agree with almost two-thirds (61 per cent) of 25–34-year-olds doing so.

The findings were shared hot on the heels of the new Mansion House Accord, under which UK pension schemes have committed to making a 10 per cent allocation to private markets, with a 5 per cent commitment specific to the UK.

NatWest Cushon CEO, Ben Pollard, said: “The investment case for UK private markets is strong, which is why we are a signatory to the Mansion House Compact and have also signed up to the new Mansion House Accord.

"But there is another positive angle - reconnecting people with the investments their pension is making. These types of investments are real and tangible and show savers how hard their money is working to improve their standard of living in the UK.

“So it’s really encouraging to see this appetite from pension savers to invest in UK assets, particularly among younger people. That’s exactly the type of customer the industry generally struggles to engage, so it’s fantastic to see that investing further in UK private markets aligns with what they want.”

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