Cazenove Charities welcomes the launch of the Charity Authorised Investment Fund structure
12 Oct 2016
We intend to convert our four Common Investment Funds to Charity Authorised Investment Funds, subject to gaining the relevant approvals. This will ensure the most appropriate financial regulation for our charity clients and will also allow our investors to benefit from an exemption from VAT on investment management fees, thereby reducing the cost.
We congratulate the Charity Investors Group and our colleague Kate Rogers, in her role as Chair, on championing this important development as we recognise that both effective financial regulation and value for money are key considerations for charity investors.
For further information, please contact:
Charlotte Banks, UK PR Manager, Schroders:
+44 (0)20 7658 2589
Kate Rogers, Head of Policy, Cazenove Charities:
+44 (0)20 7658 2480
Notes to editors
Cazenove Capital Management
Cazenove Capital is a leading provider of personalised wealth management services to high net worth clients, family offices, trusts, companies and pension plans. As well as discretionary and advisory investment services, we offer wider wealth management services such as wealth planning, cash management, deposit-taking and lending.
As the wealth management business of Schroders in the UK, Channel Islands and Asia, our significant family ownership and financial strength enables us to genuinely take a long-term view and focus on the needs of our clients. The wealth management arm of Schroders plc manages £33.8 billion globally on behalf of clients (at 30 June 2016).
We also work in partnership with financial advisers by supporting them to provide discretionary fund management to their clients and as one of the UK’s leading charity fund managers, our charities team provide a range of specialised services to suit a wide range of charity clients.
For more information, please visit www.cazenovecapital.com
Cazenove Capital Management is a trading name of Schroder & Co. Limited. Registered Office at 31 Gresham Street, London EC2V 7QA. Registered 2280926 England. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. For your security, communications may be taped or monitored.