Emma Reynolds

Emma Reynolds

Labour — Wycombe

Speaking in the House of Commons on 16 July 2025

Debate

Financial Services Reform

Contribution

I might not be able to give my hon. Friend the specifics about her region right now, but I will say that my colleague the Pensions Minister, my hon. Friend the Member for Swansea West (Torsten Bell), has secured an ambitious industry-led accord—the Mansion House accord—that commits 17 pension funds, representing 90% of active defined-contribution savers, to invest 10% of their funds in private assets, half of which are to be in the UK. They will be on the hunt for good firms that could be successful in the future and that need capital to start up and scale up. We are also working closely with the British Business Bank on these issues, as my hon. Friend will know.

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