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STATEMENT OF INVESTMENT PRINCIPLES

 
The Statement of Investment Principles (SIP) sets out the policy which determines how the Fund invests its assets. The Scheme rules require that we publish a SIP that covers our policy on:
 
  • the types of investment to be held;
  • the balance between different types of investments;
  • attitude to risk and approach to its management;
  • the expected return on investments;
  • the extent to which social, environmental or ethical considerations are taken into account.
The Government and the pension fund industry have developed a set of high level principles that set a model for good practice in pension fund investment decision-making and governance. The latest version of the Scheme rules require us to explain in our SIP what we are doing to apply these six principles:
 
1. Effective decision-making
2. Clear objectives
3. Risk and liabilities
4. Performance assessment
5. Responsible ownership
6. Transparency and reporting.