Illiquid Assets: Further insights on the DC Master Trust market

The UK DC Master Trust providers are fast evolving their plans for the inclusion of illiquid assets within their default strategies.

In our first paper, we looked at the initial plans of a number of the leading UK DC Master Trusts in the market. However, transparency on plans varied significantly, with many providers offering limited details beyond stating that plans were “in the pipeline”.

Now, with renewed impetus from recent government initiatives (Mansion House) and the market’s increasing focus on value over cost, we are seeing these initial plans evolve considerably and start to translate into live solutions.

Our second paper delves deeper into those plans, including providers’ target asset allocations, the use of different illiquid asset classes, their approach to managing liquidity, and some key implementation considerations.