Regulatory risk that inhibits The Panel and Board recognise The Fund will be proactive in engaging with the Government, – the importance of its overriding including responding to consultation, on any issues effecting the the Pension Fund Panel and fiduciary duty in law to invest management and investment of Pension Fund monies. Board’s fiduciary duty. Fund monies to achieve the best possible financial return for the Fund. Illiquidity that the Fund is Although the Fund does not The Fund maintains a cashflow forecast to ensure that it can plan – suitably in advance to ensure that it has sufficient cash available. unable to meet its immediate have a strategic allocation to liabilities cash, a cash balance is The Fund’s asset allocation is set to achieve a balance between maintained to meet liabilities as liquid and illiquid investments. they fall due.
Regulatory risk – that inhibits the Pension Fund Panel and Board’s fiduciary duty. The Panel and Board recognise the importance of its overriding fiduciary duty in law to invest Fund monies to achieve the best possible financial return for the Fund. The Fund will be proactive in engaging with the Government, including responding to consultation, on any issues effecting the management and investment of Pension Fund monies. Illiquidity – that the Fund is unable to meet its immediate liabilities Although the Fund does not have a strategic allocation to cash, a cash balance is maintained to meet liabilities as they fall due. The Fund maintains a cashflow forecast to ensure that it can plan suitably in advance to ensure that it has sufficient cash available. The Fund’s asset allocation is set to achieve a balance between liquid and illiquid investments.
2018-investment-strategy-statement.docx