The PPF principle


Life & Pensions: Why have you decided to review your statement of investment principles (SIP)?

Ian McKinlay, chief investment officer at the Pension Protection Fund (PPF): The main driver was the desire to extend the risk management of the PPF into the liabilities we are likely to acquire in the near future as part of the schemes in assessment. These are the schemes whose sponsoring employer is insolvent and is being examined to see if it is eligible to join the PPF. By law the process takes at

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