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The Pension Protection Fund (Statement of Investment Principles) Regulations 2005

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Form and content of statement of investment principles

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4.—(1) A statement of investment principles shall be in writing.

(2) The prescribed matters which a statement of investment principles shall cover for the purposes of ensuring the prudent management of the Board’s financial affairs are—

(a)the impact of the nature of the Board’s actual and potential liabilities on its investment strategy;

(b)the kinds of investments which are included in the Board’s investment strategy;

(c)the balance between different kinds of investments;

(d)risk measurement and management including the Board’s approach to diversification within its risk management strategy;

(e)the expected return on investments;

(f)the realisation of investments;

(g)the extent, if at all, to which social, environmental or ethical considerations are taken into account in the selection, retention and realisation of investments;

(h)the Board’s policy (if any) in relation to the exercise of the rights (including voting rights) attaching to investments; and

(i)the Board’s policy for securing compliance with the requirements of section 113 of the Pensions Act 2004 (Investment of Funds).

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