DWP launches major consultation on future of DC pensions

'True value for money'

Hope William-Smith
clock • 6 min read

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%...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Pensions

According to research from My Pension Expert, almost half of those surveyed (45%) believed the current financial crisis had negatively impacted their retirement strategy

Third of UK adults doubt government will restore pension security 

Action needed to protect retirees and pension savers, experts say

Julia Bahr
clock 25 November 2022 • 2 min read
Mark Devlin explains how to help clients avoid the MPAA

Spanner in the works: How to help clients avoid the MPAA

MPAA can reduce DC contributions to £4,000 a year

Mark Devlin
clock 24 November 2022 • 3 min read
PDP publishes updated pension dashboard standards

PDP publishes updated pension dashboard standards

Will consult on draft design standards this winter

Holly Roach
clock 21 November 2022 • 1 min read