In taking decisions on investment strategy, the Board will have regard to the overall circumstances of the Fund, and will comply with all the applicable legislative requirements. 

The Fund’s investments will be managed taking into account the need to match its liabilities and with the view to ensuring that the Fund will have sufficient liquidity to meet expected cash flow requirements. Investment risk will be limited by appropriate diversification both within and between asset classes. 

The Board has procedures in place to identify any conflict of interest of those making investment decisions and ensure that these are addressed. 

The ultimate authority and responsibility for all investment decisions lies with the Board.