The time remaining until the final payment on the bond.
THIS PRACTICE NOTE APPLIES TO OCCUPATIONAL PENSION SCHEMESFORTHCOMING DEVELOPMENT 1: On 30 March 2022 the Department for Work and Pensions (DWP) published a consultation package entitled ‘Facilitating investment in illiquid assets’ which includes:•a policy consultation on ‘disclose and explain’ proposals to improve the accessibility of illiquid assets for defined contribution (DC) pension schemes•a consultation on draft regulations on employer related investments (ERI) to enable more illiquid investments•the response to the ‘Enabling Investment in Productive Finance’ (charge cap reform) consultation•the response to the call for evidence ‘Future of the defined contribution pension market: the case for greater consolidation’Policy consultation on ‘disclose and explain’ proposals (Chapter 2)The DWP is proposing to amend the Statement of Investment Principles (SIP) requirements to ensure that default arrangements of occupational DC schemes ‘disclose and explain’ their policies on illiquid investment. In this the DWP wants trustees to have a platform to describe the average percentage holding and type of illiquid assets they have in their default asset allocation and the benefits they feel these assets bring to their scheme and members. The DWP is also proposing to introduce regulations that require relevant occupational DC schemes with over £100m in total assets to publicly ‘disclose and explain’ the percentage of assets allocated in the default asset class allocation
Discover our 1 Practice Notes on Term (of a bond)
Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.
**Trials are provided to all LexisNexis content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisNexis services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
"What I spend on my yearly subscription, equals to a day's billable hours for me not to mention time efficiency and peace of mind."
Jai Stern
Access all documents on Term (of a bond)
0330 161 1234