Member

These are all relevant and important matters that go to the detailed design of the framework. For that reason, these factors have been considered and fleshed out in the consultation proposals, particularly in chapters 3 and 4 on investment performance, chapter 5 on asset allocation and chapter 8 on the assessment process. The consultation sets out a consistent method for reporting both gross and net returns over one, three, five and 10 years, alongside forward-looking metrics, precisely to ensure that schemes with private market allocations are not disadvantaged by early J-curve effects. It also proposes transparent reporting of all scheme charges, including performance-related fees, in a way that supports fair comparison between members and across cohorts.