PPF to allow securities lending and repo
17 November 2010 London
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The UK's Pension Protection Fund (PPF) has updated its statement of investment principles, which will allow it to carry out securities lending and repo transactions.
The PPF's main purpose is to provide compensation to members of eligible defined benefit pension schemes, when there is a qualifying insolvency event in relation to the employer and where there are insufficient assets in the pension scheme to cover the Pension Protection Fund level of compensation.
The PPF has emphasised that it will continue to maintain a low-risk approach to investments.
The PPF's main purpose is to provide compensation to members of eligible defined benefit pension schemes, when there is a qualifying insolvency event in relation to the employer and where there are insufficient assets in the pension scheme to cover the Pension Protection Fund level of compensation.
The PPF has emphasised that it will continue to maintain a low-risk approach to investments.
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