Charity Commission updates investment guidance following consultation outcome

Article summary

The Charity Commission for England and Wales has redesigned its guidance on investing charity money (CC14) to provide greater clarity and confidence for trustees. This clarifies that trustees have discretion to choose what is best in their circumstances and have a range of investment options open to them, provided they further the charity’s purposes. This follows the Charity Commission’s consultation, ‘Charity responsible investment guidance’, that ran from 8 April 2021 to 20 May 2021, the outcome of which is also published. It further reflects the High Court’s judgment on trustees’ investment duties in Butler-Sloss and others v Charity Commission [2022] EWHC 974 (Ch).