The risk of adverse effects resulting from:
- (i) Losses in the market values of the investment assets of a pension fund, or
- (ii) Worse than expected investment returns from those assets.
2. Risk identification - investment assets.
Similar risks for any other organisation which has part or all of its funds held in the form of investment assets.
3. Risk identification - asset price loss.
More generally, the risk of loss resulting from an adverse change in the price or condition of an asset.