With respect to investments, the purpose of the Board is to
invest and manage surplus funds, including those held in trust, and
to generate maximum income from both interest and capital growth in
accordance with established guidelines which can be obtained from
our National office.
The value of our investment portfolio is capped at a maximum of
twice current budgeted expenditure and a minimum of one times
current budgeted expenditure, plus or minus extraordinary items.
This policy is reviewed six times a year at Board meetings. In the
event that the investment portfolio reaches levels of 10% above or
below the maximum or minimum, the Board shall develop a plan to
bring the portfolio back to its benchmark within a period of twelve
months.
Find out more about
our investment policy (pdf, 619kb)