CCLA is authorised and regulated by the Financial Conduct Authority and follows its rules and regulations to protect investors.
We have rigorous controls across the business and take a structured and consistent approach to audit and risk management.
There is effective governance over the management of the funds, as the three major fund groups all have their own boards of directors that hold us to account every quarter on behalf of their respective client groups. Furthermore, the CCLA Investment Management Limited (CCLA IM) and CCLA Fund Managers Limited (CCLA FM) boards include non-executive directors, the majority of whom represent our clients’ funds.
The non-executive directors are:
- Richard Horlick (Chairman for CCLA IM and FM)
- Julia Hobart (CCLA IM)
- Jonathan Jesty (CCLA IM and FM)
- Christine Johnson (CCLA IM)
- Ann Roughead (CCLA IM and FM)
- Chris West (CCLA IM).
Our clients’ interests are also overseen by HSBC Bank plc. As the trustee of our funds and custodian, they provide safekeeping, daily oversight, monitoring and asset verification services.
A further layer of scrutiny is provided by four boards of directors that meet with CCLA management every quarter with one objective: to safeguard the interests of the clients they represent. Together they have wide experience of finance, investments, charities and the law. They have a number of responsibilities that include setting and subsequently advising on the investment objectives of the funds, monitoring performance, service and agreeing the fees charged by the funds.