The Statement of Investment Principles (SIP) details the policies which control how a pension scheme invests.
The SIP sets out the principles governing how decisions about investments are made and has been prepared in accordance with all relevant legislation and best practice guidelines.
It will be reviewed by the Trustee at least every three years or after any significant change in the investment approach.
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Each of Railpen Limited (registered in England and Wales No. 2315380) and Railway Pension Investments Limited (RPIL) (Registered in England and Wales No. 1491097) is a wholly owned subsidiary of Railways Pension Trustee Company Limited (Registered in England and Wales No. 2934539). Registered office for each company: 100 Liverpool Street, London EC2M 2AT. RPIL is authorised and regulated by the Financial Conduct Authority for some of its activities. The administration of occupational pension schemes is not a regulated activity. Full details about the extent of RPIL's authorisation and regulation by the Financial Conduct Authority are available from us on request.