30 Mar 2022

The Department of Work & Pensions (DWP) published ‘Facilitating investment in illiquid assets’ on 30 March 2022. This provides feedback on ‘Enabling Investment in Productive Finance’ consultation, which AREF responded to, you can find more information here. In this the Government consulted on proposed changes to the regulatory charge cap that applies to the default funds of DC pension schemes used for automatic enrolment. This was to inform future policy to help ensure DC schemes are able to access a broader range of illiquid asset classes that have the potential to result in positive outcomes for members.

Prior to this, in March 2021, The Department of Work and Pensions (DWP) issued a consultation on Incorporating performance fees within the charge cap. More details and AREF’s response can be found here.

 

Author

Jacqui Bungay

Jacqui Bungay

Head of Policy and Company Secretary, AREF

Jacqui is AREF’s Company Secretary and provides policy guidance and secretariat services to AREF’s Board and Management Committee as well as many of AREF's committees and working groups.

Jacqui joined AREF in 2014 after working for over 25 years in fund compliance, client relationships and administration in the trustee and depositary sector.