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    <title>Risk appetite and limits</title>
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    <description>Pension Fund Boards must maintain and periodically review a documented risk appetite statement defining the overall risk accepted in Scheme management. The statement must be operationalised through specific, measurable and actionable quantitative and qualitative risk limits for the whole portfolio and its individual components.</description>
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      <description>Pension Fund Boards must maintain and periodically review a documented risk appetite statement defining the overall risk accepted in Scheme management. The statement must be operationalised through specific, measurable and actionable quantitative and qualitative risk limits for the whole portfolio and its individual components.</description>
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