Total return investment: consultation on draft regulations
The Charity Commission is responsible for making regulations setting out the details of how permanently endowed charitable trusts can exercise the power to adopt and operate a total return approach to investment under section 4 of the Trusts (Capital and Income) Act 2013. The commission has now produced draft regulations on total return investment and is now consulting on their contents.
At present, permanently endowed charities who want to use this approach and who do not have an appropriate power can apply for an order from the commission giving them the power to do so. The commission’s model order comes with directions on how the power can be used…
If you are registered and logged in to the site, click on the link below to read the rest of the Mills & Reeve briefing. If not, please register or sign in with your details below.
News from Mills & Reeve
News from The Lawyer
Briefings from Mills & Reeve
In a decision in January, the Information Commissioner’s Office found that the Financial Conduct Authority had breached the Freedom of Information Act 2000.
This article considers the important distinction between breaches of trust and breaches of a trustee’s duty of care.
Analysis from The Lawyer
The trend for unbundling legal work is advancing through the law firm ranks but there is still resistance in some quarters - namely in-house. We asked why