What is Statement of investment principles (SIP)?
Statement of investment principles (SIP) meaning Statement setting out the investment policy being followed by a UK pension plan. Under the Pensions Acts 1995 and 2004, it is a legal requirement to have a SIP and keep it up to date. Regulations set out a minimum level of content, and the Myners Code recommends further additions to the SIP. (See also Myners Code, Pensions Act 1995.)