Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Investment definition

What does Investment mean? In practice, investment describes an asset or bundle of rights committed in a host state with the aim of generating a return. In investor-state work, the operative definition is treaty-specific: most bilateral investment treaties (BITs) and the Energy Charter Treaty use broad, asset-based lists covering, where applicable, tangible and intangible property located in the territory, shareholdings and other equity interests, contractual rights (including concessions), intellectual property, and loans or claims to money, subject to stated carve-outs. The ICSID Convention does not define investment; tribunals assess jurisdiction by the treaty text and case law, commonly considering a contribution of resources,...

UK personal pension investments: tax reliefs, unauthorised payments and taxable property, SIPP due diligence and liability (FCA/FOS), trust law duties, securitisation due diligence, and unit‑linked patient capital reforms

Published by a LexisNexis Pensions expert

Practice notes

Before 6 April 2006, Personal pension schemes had to offer retirement benefits on a money purchase basis to gain HMRC approval. Although that rule no longer applies, its legacy—together with the original, narrow list of authorised providers—has influenced the Investment structures and strategies that are typically available in the personal pensions market...

Investment strategy

Unlike trustees of occupational pension schemes, contract-based pension providers are not obliged to prepare a statement of investment principles (SIP). Their main public-facing document is the Independent Governance Committee (IGC) annual report. IGCs must act in the interests of policyholders. While their primary role is to assess value for money, the report goes beyond that: it sets out how the IGC has considered policyholders’ interests more broadly. It must also detail the arrangements the pension provider has established to ensure that policyholders’ views are directly conveyed to the IGC. For further information, see Practice Note: Independent governance committees (IGCs) and pensions...

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Alistair Hill

Brodies LLP

Alistair is a Legal Director in the Brodies pensions team, where he practices both as an English and as a Scottish solicitor. He helps a broad range of employers, trustees and other professionals with defined benefit and defined contribution pension schemes, including advising on the pensions aspects of corporate transactions and public/private sector staff transfers. From his days in-house at a leading insurer, Alistair has also retained an active interest in developing and maintaining defined contribution pension propositions from the provider's and administrator's viewpoint, such as personal pension, mastertrust and SIPP products. While he would argue passionately that clients shouldn't haven't to worry about them unless they want to, Alistair has always been interested in the more technical aspects of pensions law. Besides his work for LexisPSL, this has led him to play an active role in the professional bodies and more generally in debating law reform and...

Web page updated on 22/05/2026

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