The allocation shackles are off

Article Abstract:

UK charities are likely to be affected by proposals from the Treasury which will affect their investment powers. The proposals include a repeal of the Trustees Investments Act of 1961. This act constrains the way charitable trusts allocate investment assets and thus constrains their flexibility. An authorized investment list will no longer be provided if the proposals are implemented. The equity content of investments made by trusts should rise but the timing of changes will be a key issue.

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Building a balanced portfolio

Article Abstract:

UK charities seeking protection for the income from their funds against inflation have also to think of the implications for their capital. It is possible both to protect capital and income but there may be initial costs. A coorect balance has to be achieved between bonds and equities. Constraints on asset allocation should be less of a problem with changes in the law proposed by the UK government. This will allow charities to invest a greater proportion in equities.

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A quiet passage

Article Abstract:

The UK government may change after elections in 1997 and this could bring a number of changes affecting the voluntary sector. The Trustee Investments Act was to have been reformed but there is insufficient time and there is not certainty that a new government would carry out reforms. National lottery funds could be better distributed. A consumer survey by Henley Centrefor Forecasting has found only 33 of the public with a lot of confidence in charities.

United Kingdom

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