I read this advert not today – 4 days on – but 4 days ago- the day of posting – perhaps the hour. I checked my diary , at the time I had a free morning and could go. I asked to go and put the time in my diary. 3 days later I got this message by email from BVCA.
Thank you for submitting your expression of interest in attending the BVCA’sUK Pensions Investment Summit.
Due to venue capacity and the high demand for this event, we are currently prioritising bookings from signatories of the Investment Compact for Venture Capital & Growth Equity at this stage. Should space be made available, we will reach out regarding open bookings in due course.
The chances of the BVCA reaching out regarding open books in due course is slim. You’re either a buyer, a seller or out of there!
Now I am double booked for September 4th so am relieved of having to tell HMRC I was pre-booked to help them on a low-earners pension rebates meeting in Croydon. I can go to Croydon and do something positive with my time.
And what will be happening at the BVCA’s UK pension Investment Summit, well it will be full of people who have been signatories of the Investment Compact for Venture Capital & Growth Equity
I had a look behind that link and found that the work has been carried out (my bold)
The UK venture capital and growth equity industry will work with pension providers over the next 18 months (from October 2023 to Spring 2025) to progress the delivery of the proposals set out in the Compact. This will seek to deliver on the Government’s objectives to increase UK pension scheme investment into venture, growth and other private capital funds as part of a diversified portfolio, which was set out in the Chancellor of the Exchequer’s Mansion House proposals.
The Compact builds on Mansion House Compact of July 2023 which saw nine of the UK’s largest Defined Contribution pension providers commit to the objective of allocating at least 5% of their default funds to unlisted assets by 2030.
The BVCA has been involved over many years in the policy considerations and key initiatives, such as the Productive Finance Working Group, that have been aiming to remove the regulatory, cultural and operational barriers to this investment. The Compact is the next stage of this work and will help to drive the agenda forward.
With over 100 signatories, the Compact represents some of the UK’s leading venture capital and growth equity fund managers, with over £100bn of Assets Under Management. The signatories recognise that the Government’s aim to unlock over £50bn of capital by 2030 is a unique opportunity for pension savers and could enable them to benefit from higher potential net returns whilst increasing UK-based funding for the UK Science and Technology sector. According to the City of London Corporation, only 0.5% of UK DC pension assets are invested in unlisted UK equities such as venture capital and growth equity.
Ok – the deal is good – better deal for pension savers – better deal for British industry and good for the BVCA who I was insurance broker when at Gissings in the 1990s.
What was BVCA advertising a good deal on Linked In and then turning down a person who wanted to help?
Please;- can we have a conference mentality that includes rather than exclude diversity?
