Law360, London (March 22, 2021, 6:12 PM GMT) -- The British government is consulting over whether requiring trustees of occupational defined-contribution pension schemes to "look though" funds to examine underlying investments is a barrier to investing in alternative asset classes.
Defined-contribution scheme trustees currently have to look through any funds or pooled investments regardless of which vehicles they use. This means trustees have to consider not just the cost of investing in a pooled vehicle, but also the structure and costs linked to underlying investments, the Department for Work and Pensions said Friday.
In the consultation, which closes at the end of next month, the ministry is targeting pension scheme trustees,...
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