Charity Commission consults on draft guidance for responsible investments

first_img‘Responsible investments’ refers to financial investments that align with a charity’s mission and purpose. The regulator announced the review earlier this year, after an informal listening exercise found that the way responsible investment is outlined in its existing guidance does not give all trustees sufficient confidence that they can consider, or that the Commission supports, this approach to investment. Melanie May | 12 April 2021 | News Tagged with: Charity Commission investment About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. The Charity Commission is asking for views on newly published draft guidance for making responsible investments. It has now published a draft of updated guidance and is asking charities and others to feed back on whether the changes are clear, and make the guidance easier to use. The consultation runs for six weeks until 20 May. Advertisement “We have worked hard to ensure our draft guidance is easy to understand and empowers trustees to make decisions that are right for their charity. Paul Latham, Director of Communications and Policy at the Charity Commission said: “I encourage trustees, charity staff, those involved in investment management, and anyone with an interest in how charities are run to take part in our consultation, to help ensure our final guidance is as clear and empowering as possible.” AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Charity Commission consults on draft guidance for responsible investments “During the listening exercise we held last year, we learnt that many charities are interested in considering responsible investments but need more clarity around the regulatory position. Under the draft guidance trustees of all charities can decide whether or not to adopt a responsible investment approach that reflects the charity’s purposes and values, and not just focus on the financial return. The new draft explains that the rules applying to responsible investments are those that apply to all financial investments, including that trustees’ decisions must always be made in the best interests of the charity, and in line with its governing document. The guidance also highlights the slightly different rules that apply when charities invest permanent endowments.  783 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The guidance is part of the Commission’s wider guidance on Charities and Investment Matters, which is not yet being updated. According to the Commission this is because it recognises an urgent need to first address concerns about the clarity of its existing guidance around responsible investments.last_img read more

Australia, Serco Change Terms of Armidale Deal

first_img View post tag: Armidale Australia, Serco Change Terms of Armidale Deal Back to overview,Home naval-today Australia, Serco Change Terms of Armidale Deal View post tag: Australia Australian Government and Serco Group have reached an agreement to amend the terms of the company’s contract to provide in-service support to the Navy’s fleet of Armidale Class Patrol Boats (ACPB). The company has negotiated to shorten the onerous contract which previously ran to 2022. According to the company’s statement the contract will now end in 2017. Under the terms of the Settlement and Amendment Deed, both parties have agreed to a mutual release of claims they may have had against each other prior to the point of contract amendment.Serco will provide maintenance and remediation work on an agreed cost recovery basis, but under improved standards, as the agreement states.The ACPB contract was subject to an Onerous Contract Provision (OCP) which had Serco pay USD 206,1 million at the end of 2014, reflecting anticipated future losses through to 2022, together with a further charge of USD 100 million relating principally to the impairment of receivables.Although a detailed assessment of Serco’s contracts subject to OCPs will be carried out at the year end, the company expects the ACPB contract amendment will result in a significant decrease in the overall level of the Group’s provisions against future contract losses.Rupert Soames, Group Chief Executive Officer, said:Today’s amendments represent an equitable solution for both parties. We remain absolutely focused on delivering the highest standard of operational performance on this challenging contract and continuing to support the Australian Defence Force as we have for nearly twenty years.The provisions against the ACPB contract represented approximately 30 percent of the Group’s OCPs charged at the end of 2014 and ACPB was the single largest OCP. The Group utilised USD 24,2 million of the ACPB provision in the first half of 2015.Image: Australian Navy November 11, 2015center_img View post tag: deal View post tag: Serco Share this article Authoritieslast_img read more

Additional COVID-19 Cases Reported Sunday

first_imgShare:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) MGN ImageJAMESTOWN – Two additional cases of COVID-19 were reported in Chautauqua County on Sunday.Health officials say the new cases involve a woman in her 30s and a man in his 70s.There is now a total of 74 cases with 27 active.So far, 43 have recovered, up three from Saturday. Since the outbreak began four people have died from COVID-19 in the county.last_img read more