Consultation outcome

Facilitating investment in illiquid assets by defined contribution pension schemes

• From: Department for Work and Pensions
• Published: 30 March 2022
• Last updated: 22 July 2022 — See all updates

This was published under the 2019 to 2022 Johnson Conservative government

Applies to England, Scotland and Wales

This consultation has concluded

Read the full outcome

Response: Facilitating investment in illiquid assets by defined contribution pension schemes: Chapter 3 – Employer-related investments

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Response: Facilitating investment in illiquid assets by defined contribution pension schemes: Chapter 3 – Employer-related investments

PDF, 169 KB, 9 pages

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Detail of outcome

This government response provides a summary of the responses received to the Employer-related investments consultation on draft regulations, chapter 3 of the Facilitating investment in illiquid assets. The consultation sought views on draft regulations to lift certain employer-related investment restrictions on large authorised defined contribution Master Trust pension schemes.

The government response to the Disclose and Explain consultation, chapter 2 of the Facilitating investment in illiquid assets will be published in due course.

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Original consultation

Summary

This consultation seeks views on proposals and draft regulations to improve the accessibility of illiquid assets for defined contribution pension schemes.

This consultation ran from
9:30am on 30 March 2022 to 11:45pm on 11 May 2022

Consultation description

This consultation includes:

• the government’s response to the ‘Enabling Investment in Productive Finance’ (charge cap reform) consultation
• a policy consultation on disclose and explain proposals to enable illiquid investments
• a consultation on draft regulations on employer related investments
• the government’s response to a call for evidence ‘Future of the defined contribution pension market: the case for greater consolidation’

We would welcome responses from:

• pension scheme trustees and managers, particularly those from defined contribution occupational Master Trust schemes
• pension scheme members and beneficiaries
• pension scheme service providers, other industry bodies and professionals
• civil society organisations
• any other interested stakeholders

Documents

Facilitating investment in illiquid assets

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Facilitating investment in illiquid assets

PDF, 569 KB, 61 pages

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Annex B: Draft regulations: The Occupational Pension Schemes (Investment) (Employer-related investments by Master Trusts) (Amendment) Regulations 2022

PDF, 187 KB, 5 pages

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Impact assessment (consultation): The Occupational Pension Schemes (Investment) (Employer-related investments by Master Trusts) (Amendment) Regulations

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Impact assessment (consultation): The Occupational Pension Schemes (Investment) (Employer-related investments by Master Trusts) (Amendment) Regulations

PDF, 262 KB, 9 pages

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Response form for the consultation questions

ODT, 31.2 KB

This file is in an OpenDocument format

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Response form for the consultation questions

MS Word Document, 48.5 KB

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Published 30 March 2022
Last updated 22 July 2022 + show all updates

1. 22 July 2022

   Added: The government response to the Disclose and Explain consultation, chapter 2 of the Facilitating investment in illiquid assets will be published in due course.

2. 19 July 2022

   Government response to Chapter 3 of 'Facilitating investment in illiquid assets': Employer-related investments has been added.

3. 30 March 2022

   First published.