Investment principles and policies

This section of the website has lots of information for members about the principles and policies the Trustee has put in place for investing the UKRF assets.

Building up a pension in the UKRF involves a long-term commitment. The Trustee believes its responsible investment approach and its focus on Environmental, Social and Governance (ESG) issues offers the best opportunity for the long-term growth of the URKF’s assets.

Responsible investment is an approach that aims to manage risk and achieve good outcomes for UKRF members by the Trustee adopting certain principles, including:

  • Taking a broad view of the long-term effect of Trustee investment decisions;
  • Using the Trustee’s influence and its voting rights, engaging directly with the UKRF fund managers, and the organisations where they invest; and
  • Investing the URKF assets with a focus on ESG matters.

Find out more about responsible investment and watch the video.

Statement of Investment Principles

Following consultation with Barclays Bank PLC, the Trustee has agreed a statement of investment principles for the UKRF that sets out how the Trustee invests.

Responsible Investment Policy

The Responsible Investment (RI) Policy outlines the Trustee’s approach to RI with a focus on good practice standards and principles; ownership, disclosure and collaboration; and the integration of environmental, social and corporate governance (ESG) factors.

Task Force on Climate-Related Financial Disclosures

The Task Force on Climate-related Financial Disclosures describes the UKRF’s approach to climate change risks and opportunities while considering the Fund’s wider Responsible Investment strategy and environmental, social and governance (“ESG”) factors.

Defined Contribution (DC) costs and charges for UKRF members

The Trustee has prepared illustrations of the cumulative impact of costs and charges on the assumed investment performance for a range of UKRF DC funds. They also provide an assessment of the value for members provided by the UKRF, how the default investment funds are designed and governed, and information on the costs of investing in each fund.