Statement of Investment Principles

The Trustees of an occupational pension scheme (such as the Uniper Group of the ESPS) 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 legislation. 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.