statement of investment principles
- statement of investment principles
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The trustees of an occupational pension scheme must put in place and maintain a statement of investment principles (SIP). This must set out the basis on which the trustees plan to invest the scheme assets. There are detailed requirements for the contents of a SIP, set out in section 35 of the Pensions Act 1995. The scheme's sponsoring employer has a right to be consulted on the contents of the SIP, and any revisions the trustees periodically make, but may not dictate the scheme's investment policy.
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Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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