Contents
1 Introduction ................................................................................................................................................................................................. 3
2 Governance arrangements.....................................................................................................................................................................3
3 Setting investment objectives ..............................................................................................................................................................4
4 Choosing investments .............................................................................................................................................................................5
5 Kinds of investments to be held ..........................................................................................................................................................6
6 The balance between different kinds of investments .................................................................................................................6
7 Risks ................................................................................................................................................................................................................ 7
8 Expected return on investments ..........................................................................................................................................................8
9 Realisation of investments .....................................................................................................................................................................8
10 ESG-related risks, view of members, the exercise of voting rights, engagement activities, manager incentivisation and conflicts of interest ............................................................................................................................................8
11 AVCs ................................................................................................................................................................................................................ 9
12 Monitoring ................................................................................................................................................................................................... 9
13 Agreement................................................................................................................................................................................................. 10
Appendix .......................................................................................................................................................................................................... 11
UTC (UK) Pension Scheme | Statement of Investment Principles | 22 August 2023
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