Law Debenture sees UK pension consolidation driving interest in illiquid assets

• The UK government is consulting on a value-for-money framework for defined contribution pensions, reinforcing the industry’s shift toward consolidation.
• The framework focuses on member outcomes rather than minimizing fees, highlighting larger schemes’ capacity to improve services and diversify investments.
• Larger arrangements are building illiquid-asset allocations, often through Long Term Asset Funds, though investments tend to be global rather than UK-focused.
• Unused pension funds will enter inheritance tax scope from April 2027, potentially affecting many defined contribution pensions not fully drawn down.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Law Debenture Corporation plc published the original content used to generate this news brief on October 23, 2026, and is solely responsible for the information contained therein.