Welcome to your weekly update from the Allen & Overy Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions.
This week we cover topics including: DC schemes, illiquid investments and performance fees: consultation on draft regulations; FCA: Cost of living crisis and scam risk; HMRC Pension Schemes Newsletter; Dates for your diary: Pensions Academy Online – 31 October, 2 and 4 November.
- DC schemes, illiquid investments and performance fees: consultation on draft regulations
- FCA: Cost of living crisis and scam risk
- HMRC Pension Schemes Newsletter
- Dates for your diary: Pensions Academy Online – 31 October, 2 and 4 November
DC schemes, illiquid investments and performance fees: consultation on draft regulations
Following its recent confirmation that it intended to accelerate the removal of certain performance fees from the scope of the DC charge cap, the government has published a consultation on draft regulations and guidance that it intends will broaden the investment opportunities of DC schemes. The document also includes the government’s response to part of its March 2022 consultation, on facilitating investment in illiquid assets.
The key proposals are:
- Relevant DC schemes will be required to disclose and explain their policies on illiquid investment in their default fund statement of investment principles (or main SIP for collective money purchase (CMP) schemes), with the aim of improving…
