PPF to adopt LDI strategy

In its Statement of Investment Principles the Board of the PPF says it is planning to adopt a liability driven investment approach which it hopes will outperform its benchmark by 1.4% a year. The new statement outlines the policies and principles governing the investment of the pension protection levy and any assets inherited from pension schemes transferring to the PPF. It says it plans to “balance security for scheme members and the interests of levy payers” by investing in a mixture of government bonds, non-government bonds, index-linked bonds and cash or derivative instruments relat...