Church of Englands New Investment Measure: A Fresh Approach to Church Fund Management

The Church of England is setting the stage for a significant shift in how it manages its investments with the introduction of the Church Funds Investment Measure 2025. This new legislation, passed by the General Synod, aims to streamline the management of certain Church funds, ensuring they are better positioned for future growth and sustainability.

What's Changing?

At the heart of this measure is the ability to transfer assets from specific Church funds into charity-authorised investment funds. This move is designed to consolidate resources and improve financial outcomes for the Church's various investment efforts.

Key Funds Affected:

The measure targets several specific funds, collectively known as CBF Church of England Funds. These include:

• The CBF Church of England Investment Fund
• The CBF Church of England Short Duration Bond Fund
• The CBF Church of England Deposit Fund
• The CBF Church of England Property Fund
• The CBF Church of England UK Equity Fund
• The CBF Church of England Global Equity Fund

By transitioning these funds into a more unified investment strategy, the Church hopes to enhance their performance and safeguard their financial future.

Mechanics of the Measure:

1. Asset Transfer: The measure allows trustees of these funds to create schemes that transfer assets into specially designated charity-authorised investment funds. These funds are structured under the Charities Act 2011, providing a robust legal framework for their operation.

2. Fund Dissolution and Liabilities: As part of the transition, the measure provides for the dissolution of existing funds while ensuring that any outstanding liabilities are adequately addressed.

3. Fees and Expenses: The legislation also accounts for the payment of any fees and expenses that arise during the transfer process.

Geographical Scope:

The measure extends across the provinces of Canterbury and York, excluding the Channel Islands and the Isle of Man, unless additional local legislation allows for its application.

Why This Matters:

This legislative change represents a proactive approach by the Church of England to optimize its financial operations. By leveraging modern investment structures, the Church aims to ensure its financial resources are managed more effectively, ultimately supporting its mission and activities across the nation.

As the Church of England continues to adapt to the evolving financial landscape, measures like this one demonstrate a commitment to fiscal responsibility and strategic growth. Keep an eye on how these changes unfold and their impact on the Church's long-term financial health.