The PPF principle
The result of the recent economic dislocation is an increase in corporate insolvencies - many of which will result in deficit-ridden pension schemes falling into the lap of the UK's Pension Protection Fund. It is timely that the organisation has reviewed its standard investment principles so it can take a tighter grip on the risks it is exposed to. Aaron Woolner reports
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
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