The Department for Work and Pensions (DWP) has published a consultation, putting forward a range of proposals that aim to expand defined contribution (DC) investment opportunities.
The consultation document includes proposals that would require larger DC schemes to document and publish their policy in relation to investment and illiquid assets, and report annually on their approximate percentage allocation to this kind of investment. It also set out proposals to offer an additional method of assessment for compliance with the charge cap in a bid to help schemes invested in assets with performance fees. The DWP said: "It may be the case that the way compliance with the charge cap is currently determined does restrict trustees' options." In addition, the DWP qu...
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