Effective governance is essential in order to safeguard the capital entrusted to PSP Investments and to ensure that appropriate objectives are pursued and achieved, consistent with the fulfillment of the Corporation’s legislated mandate.

The investment objectives that have been set are based on both absolute and relative performance:

• Absolute performance: Achieve a return (net of expenses) at least equal to the actuarial rate of return used by the Chief Actuary of Canada.
• Relative performance: Achieve a target return exceeding the Policy Portfolio return and operating expenses.

PSP Investment's various investment policies support the organization's mandate and the above investment objectives.