Unit Trusts were first designed over 70 years ago specifically to give individual investors a simple and inexpensive method of investing in company shares.
We have a range of PDF documents available for further reading.
The T.U.U.T. Charitable Trust was set up by the trade union movement in 1969 for the sole purpose of owning TU Fund Managers Limited. The intention was – and still is – that profits distributed by the company should go to good causes rather than individual shareholders.
It is a requirement of the Trust Deed that all the trustees must be trades unionists, the intention being to ensure that causes which benefit should broadly be those that would be supported by the movement. Trade unions – and indeed individuals – are free to nominate favoured causes, all of which are reviewed by the trustees before any payment is made.
The activities of the Trust are broadly divided into Home and Overseas.
MEAK forms an integral part of TUFM's dedication to charitable causes. There is no National Health Service in Kenya, and this is why MEAK is such an important organisation, helping to improve the lives of many who cannot afford the healthcare that they so desperately need.
The current trustees at 1st November 2012 are as follows...