Section 114 — Pensions Act 2004: Investment principles

Investment principles 114 1 The Board must secure—

a that a statement of investment principles is prepared and maintained, and b that the statement is reviewed at such intervals, and on such occasions, as may be prescribed and, if necessary, revised.

2 In this section “ statement of investment principles ” means a written statement of the investment principles governing determinations about investments made by or on behalf of the Board.

3 Before preparing or revising a statement of investment principles, the Board must comply with any prescribed requirements.

4 A statement of investment principles must be in the prescribed form and cover, amongst other things, the prescribed matters.