Spring Budget 24: Monitoring framework for Mansion House Compact announced

Working with ABI to ‘finalise a framework’

The government is working with the Association of British Insurers to finalise a framework for monitoring progress on the Mansion House Compact.

In the Spring Budget document, published today (6 March), the government said it was working on the framework ahead of the first anniversary of the compact this year. The Mansion House Compact - launched as part of the government's Mansion House Reforms package last year (10 July) - was an agreement between a number of the UK's largest defined contribution (DC) pension providers. Spring Budget 24: Treasury confirms regulation of ESG ratings It aims to "unlock" at least £50bn of capital by 2030 and "unleash the superpower" of DC schemes. Initial signatories of the investment comp...