The policies and procedures that guide or impact investment decisions include:

• Statement of Investment Policies and Procedures (SIP&P)
• Compliance with investment manager mandates
• Proxy Voting Policy and Guidelines

Statement of Investment Policies & Procedures

SIP&P guides the investment decision-making process. This document is created with input from an independent consultant, the Investment Committee, and the investment management team. It recommends how the Fund’s assets should be invested while considering the structure and size of the Fund’s liabilities and cash flows, now and into the future. Recommendations from the consultant are reviewed and approved by the Investment Committee and Board. These recommendations are then formalized in the SIP&P.

Examples include:

• Recommended target asset mix
• Appropriate asset class ranges
• Fixed-income investment grade quality
• Individual holding limits
• Investment objectives
• Valuation procedures
• Investment management structure

Asset mix is the single most important factor in determining pension fund performance. Different risk elements relating to market volatility and potential returns are factored into an investment decision. To optimize returns and reduce investment volatility, Fund assets are diversified among the various asset classes and across the world’s economic regions.

Statements of Investment Policies & Procedures

Public Service Group Insurance Fund Statement of Investment Policies and Procedures

The Civil Service Superannuation Fund Statement of Investment Policies and Procedures