Acevo to develop code of principles for investments

Acevo has launched a survey to discover the scope of charity investments and how they are managed.

The research, which is being conducted by MORI, is intended to form a code of investment principles for charities, due to be published later this year.

An Acevo committee, headed by the former Conservative minister Lord Young, is working on the code which is being developed in response to the recommendations of the Government's Myners Report on the management of pension funds.

The survey asks charities about the size of their investments, their asset allocation and their annual income from investments. It also seeks views on management issues such as whether trustees should be paid, whether the financial expertise of trustees is too low and how often the performance of fund managers is reviewed. All 1,300 Acevo members have been sent the survey.

"This survey will help the Young Committee find out how charities would feel about being governed by any new legislation in response to the Myners report and what the possible impacts will be,

said Young.

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