Case Studies

Bankers Benevolent Fund

The Bankers Benevolent Fund approached CB Financial to review its current investment fund which had not had a review for a number of years. The new portfolio required adjustments to allow for the charity’s new investment aims and requirements, with the income target now to be set at 3.5%. This would enable the charity to embark on a new programme to attract beneficiaries, and help distribute charitable support.

CB Financial firstly reviewed the Investment Policy, bringing it into line with the new objectives of  income balanced with managing risk.  Capital return was still a priority. A Total Return Approach was to be adopted for the generation of income – this would allow for the fund to take a more diversified investment approach in the future.

Once the investment plan had been written and approved by the Trustees, the next stage was to ‘tender’ for Investment Managers. This involved issuing tender letters outlining Bankers Benevolent Fund’s requirements to leading investment houses. CB Financial, in conjunction with the Trustees reviewed each report and narrowed the selection down to three leading companies who could offer the appropriate portfolio mix; a cost efficient service and clear reporting standards with benchmarks.