The liquidity kink

Are pension schemes missing out on the illiquidity premium? Investing in secure income illiquid assets can bring more certainty to a scheme’s journey plan. The ‘liquidity kink’ means schemes targeting buy-out believe they can’t exploit the illiquidity premium.

We look to dispel those myths by providing trustees with a checklist to help navigate their decision on whether to invest.

In this paper, we have developed two checklists to help trustees consider whether illiquid assets might be right for their scheme.

This paper has been written in collaboration with K3 Advisory – the buy‑out and consolidation advisers.

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