The government has laid down plans to enable defined contribution (DC) scheme trustees to explore “as diverse a range of assets as possible” in a bid to pivot the market to providing true value for money.
In a consultation package published today (30 March) pensions and financial inclusion minister Guy Opperman reiterated government support for private equity and venture capital investment to be leveraged by DC schemes in a bid to accelerate member outcomes. Today's package includes two new consultations: draft regulations relating to employer-related investments (ERIs); and ‘disclose and explain' proposals to stimulate illiquid investment opportunities. The government's response to its charge cap consultation from November outlining proposals to exclude performance fees from the 0.75%...
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