| The
Pension Protection Fund has published its updated statement
of investment principles, laying out the PPF’s principles
and policies concerning investment of the levy collected from
pension schemes, and assets taken on from schemes that transfer
into the PPF.
The scheme aims to maintain a liability driven approach,
making use of government bonds; non-government bonds; index-linked
bonds; and cash or derivatives. It also aims to enhance
returns through UK and global equities (hedged into sterling);
global government bonds (also hedged); property; and currency
overlay.
PPF chief executive Partha Dasgupta said: “We have
adopted a dynamic, bespoke liability driven approach with
a diversified asset portfolio. This will provide security
for pension scheme members while seeking to enhance value
in the longer term for the levy payer by out-performing
the liabilities and limiting downside risk.”
The full statement can be found at www.pensionprotectionfund.org.uk/sip2006.pdf
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