Through a Productive Finance working group, convened by the Bank of England, the Financial Conduct Authority and HM Treasury and bringing together stakeholders from across the industry, we have been taking steps to help pension schemes understand the risks and opportunities of investing in illiquid assets. With a focus on removing barriers and raising awareness of the key considerations around investment in less liquid assets, the Group has published a series of guides to help give defined contribution pension fund trustees, their sponsoring employers and investment consultants the necessary tools to consider investing in them.