NUJ extra 2021 Statement of Investment Policy

  • 01 Mar 2021

NUJ extra is the registered charity for members of the National Union of Journalists (NUJ).

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  • To provide a high-quality investment service above average returns enabling the provision of grants.
  • The investment objective is to achieve a total return of income and / or capital growth over the medium to long term which is in excess of the returns available from cash deposits. This should follow a cautious investment policy.
  • Wherever possible our investment decisions should further the objectives of the trade union movement.
  • The trustees will appoint a fund manager/adviser to help manage the investments and will review that appointment normally every five years.
  • The appointed fund manager/adviser will be set an investment target with a return above RPI inflation and their performance will be monitored against this target and against relevant benchmarks for similarly cautious investors.
  • Valuations and investment reports will be provided to trustee meetings by the Fund's professional investment adviser.

The current fund manager is: Epworth, appointed: January 2016, however the last investment, from Scottish Widows, was finally transferred to them 2 May 2018.

The current target return is: RPI + 2%.

 Updated 01.03.2021

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