CFDG Supports Investment Training for Trustees

18th October 2002

Following the Charity Finance Directors' Group (CFDG) response to the Cabinet Office Performance and Innovation Unit Review, where they called for more training for trustees to help raise public confidence in charities, CFDG have announced that they plan to support a series of training courses to help trustees understand their new investment responsibilities under the Trustee Act 2000.

The Trustee Act 2000 gives almost all charities much wider powers of investment and it is up to the trustees to make sure they act as safe custodians for their funds. Knowledge and a proper understanding of investment matters are a vital component of good practice if public confidence in the financial management of charities is to be ensured.

CFDG's new training programme will involve a series of intensive half-day seminars to improve the knowledge of charity trustees in investment and related issues. The seminars are being run in conjunction with Chiswell Associates.

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