The Government Actuary’s Department (GAD) has completed a review of the Strategic Investment Board (SIB) Framework, which manages funds invested by the Court Funds Office (CFO) on behalf of children and protected beneficiaries. The Framework, supported by the Office of the Accountant General (OAG), provides guidance on investment strategies, fund manager appointments, and performance monitoring. GAD assessed the existing framework to ensure it balances investment growth with risks for beneficiaries, including children and protected individuals with varying financial needs. The review considered factors such as income requirements, beneficiary age, and investment duration. Recommendations included evaluating the inclusion of additional asset classes and refining risk-return balances. GAD’s analysis, combining actuarial modeling and investment expertise, aimed to support equitable and flexible management of assets while addressing uncertainties in future investment outcomes.
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Summary adapted from content licensed under the Open Government Licence v3.0.
For details, see https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/.
Original source: https://www.gov.uk/
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