Facilitating investment in illiquid assets by defined contribution pension schemes

The DWP has consulted on new requirements for DC schemes to disclose a their policy on illiquid investments with the Statements of Investments Principles, and asset allocations within the Chair’s Statements. This consultation also proposes a change of the rules on Employer Related Investments for Master Trusts.

The PLSA has largely welcomed these plans, though we are seeking changes to some of the proposed details to ensure that it does not become burdensome for trustees.