POOLING SCHEMES AND POOL CHARITIES
WHAT ARE POOLING SCHEMES AND POOL CHARITIES AND WHAT ARE THEIR MAIN FEATURES?
OG 49 A1 - 14 March 2012
1. What are pooling Schemes and why are they needed?
2. The Trustee Act 2000
3. What are pool charities and how do they differ from other types of common investment fund?
4. The advantages of setting up a pool charity
5. The main features of a pooling Scheme
6. Common deposit funds
7. Other legislation enabling charities to pool funds
8. How a pool charity operates
Glossary of Terms used in this Guidance
Index to further related information
1.1 What is a pooling Scheme?
1.2 The law
1.3 The purpose of a pooling Scheme
1.4 Why is a Scheme necessary?
2.1 Wider statutory power of investment
2.2 "Shared-control" investments and the continuing need for pooling schemes
Where the pool is a pool charity established by a pooling Scheme, these duties must be exercised by the trustees:
Where the new statutory power of investment is relied upon to make shared control investments, it appears that the standard investment duties must be exercised:
2.3 Charitable companies
3.1 Pool charities
3.2 Common investment funds which are NOT pool charities
(see also section 3.4 below)
3.3 Difference reflected in legislation
3.4 Hybrid pool charities
pool charity(see section 3.1 above)
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