Trusts
We can manage monies held in a trust as part of our Managed Funds, Directly Invested, WealthSpace or Targeted Return Portfolio services.
The implications of the Trustee Act 2000 have been significant for trustees of charities and trusts of all sizes. Trustees now have wider investment powers, so that the assets within a trust can be made to work harder for the trust’s beneficiaries. Trustees have automatic powers to delegate investment decisions to a discretionary portfolio manager, and to appoint nominees and custodians.
The Act imposes a duty on trustees to ensure that a trust’s investments are adequately diversified, to keep the investment management arrangements under review and to produce a written statement of investment policy (which should cover the investment objectives, the mandate of the manager and the review process).
By appointing Principal, trustees can satisfy themselves that they have fulfilled their duty to ensure that the trust’s assets are properly diversified. We can also assist the trustees, if required, in drafting or reviewing the trust’s statement of investment policy.
Charities
Principal has extensive experience of working with charities of all sizes and types, including religious funds, NHS funds, charitable trusts and welfare organisations. Many of these charities have specific investment constraints, which are strictly adhered to in accordance with the charity’s requirements.
Fully segregated portfolios, tailored to your charity’s individual requirements, are available from just £250,000.
To read more information on our management of charity portolios, please click on on this link to charitiesdirect.com.
