A new service could transform the financial health of charities by helping them better invest their funds.
It will provide online access to the biggest selection of charity-specific investment funds available.
The Charities Aid Foundation (CAF) has partnered with Interactive Investor to launch the CAF Investment Account.
It comes amid growing demand from charities to explore new ways to generate income and make their investment processes more efficient, at a time of record low interest rates.
It's important that charities maximise the return on money donated by their supporters in order to make a bigger difference
The account has been launched with the aim of making it easier for charities to invest their funds and, to make their resources go further.
It is the first digital platform designed exclusively for charities which provided an efficient and secure way for groups of all sizes to manage all of their investments in one place and it is open to registered charities across the UK.
Charities using the CAF Investment Account will get access to thousands of funds, including the widest range of charity specific funds available to manage and buy in one place online, and will enable charities to invest directly in stocks and bonds listed on the London Stock Exchange and other global markets.
John Low, chief executive of CAF, said: “In today’s tough economic environment, with interest rates at record lows, it's important that charities maximise the return on money donated by their supporters in order to make a bigger difference.
“We believe there’s a huge amount of untapped potential for charities to make more use of investments to help support their work. But for many charities with volunteer trustees it can often prove difficult to find the time and resources to select and manage investments.
“CAF has a long history of providing solutions to the financial challenges faced by charities. The CAF Investment Account will offer the widest range of charity-specific funds available in one place and will make it far easier for charities to manage investments securely online on an industry leading investment platform.”
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