20 November 2024The government has launched two consultations on proposals to deliver scale and consolidation of the Defined Contribution (DC) market and the Local Government Pension Scheme in England and Wales (LGPS), in particular ‘proposals to legislate for a minimum size and maximum number of DC pension scheme default funds, and to legislate to require for the 86 LGPS administering authorities to consolidate their assets into fewer, larger pools of capital.’
The DC consultation can be accessed here and the LGPS consultation here. Both consultations close at 11.59pm on 16 January 2025.
More information about the proposals can be found here.
