Statement of Investment principles

The Trustee, with guidance from its professional advisers, sets up and monitors on a regular basis the Scheme’s investments. This includes looking at how well those investments perform, their charges and other aspects such as environmental, ethical and social factors which may affect retirement savings.

The Trustee has prepared a Statement of Investment Principles (SIP), which governs investment decisions and sets out the main factors the Trustee considers when making their decisions.

How does the Trustee decide what investments the Scheme should offer?

The SIP sets out the Trustee’s aims and objectives for the Scheme’s investments including their principles for:

Type of investments
Mix between the different kinds of investment
Risks, including how these are measured and managed
Expected returns
Selling investments, and
The extent (if any) to which social, environmental or ethical factors are taken into account in the buying, retention and selling of investments.

It also explains how the default investment strategy aims to ensure that money is invested in the best interests of members and beneficiaries.

Find out more

To find out more about the principles the Trustee applies to the Scheme’s investments, read the Statement of Investment Principles.