Hot Topic: DC illiquids – Key initial questions – February 2024


The Government is engaged in a concerted policy drive on productive finance and aims to make illiquid investment more accessible to DC schemes. Our latest Hot Topic looks at some of the challenges associated with introducing illiquid assets into DC portfolios and our high-level thoughts on trustees’ decision-making.

In this Hot Topic:

  • Deadline for including an illiquid asset investment policy in SIPs
  • A question of structure
  • Permitted links rules and the Long Term Asset Fund (“LTAF”)
  • Trustee decision-making
  • Liquidity risk
  • Costs and charges considerations
  • Spotlight on performance fees

Read our hot topic here.