The information in this site is intended for authorised charities in the United Kingdom only. 

The website is operated by M&G Securities Limited on behalf of itself, Charities Investment Managers Limited and the Trustees of Charibond. M&G Securities Limited is the managing agent for Charities Investment Managers Limited and the fund manager of Charibond.

The information provided is directed at authorised charities in the United Kingdom and is not to be regarded as an offer to buy or sell, securities or investments. Charibond is available for investment by registered charities in the United Kingdom allowed to invest in common investment funds.

Please click the appropriate button to the right to confirm that you are an authorised charity and wish to continue.

Audience

FAQs

This section contains answers to some of the most common questions we get asked, to help you with any queries you may have.

If the information you need is not included below, please contact our Charities team.

Glossary

Find out more about the terms that are used on our website and in our literature.

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Frequently asked questions

Dealing procedures

Can a charity switch between unit types?

A charity may switch between income and accumulation unit types within the M&G Charity Funds. There is no charge for this as long as instructions are provided in writing and signed by two authorised signatories of the charity.

Can a charity take a gross income from its investment?

Charifund & M&G Charity Multi Asset Fund

Holders receive income in the form of a dividend, as Charifund is an equity-based fund and M&G Charity Multi Asset Fund is a multi-asset fund. 

There is no UK tax deducted prior to income distributions.

Charibond

Holders receive income in the form of interest distributions from which no income tax is deducted.

If you buy units with an ex-distribution price, you will not be entitled to the next distribution of income made by the fund. You will, however, be entitled to distributions of income for future accounting periods.

Further information

Registration

The best way to register a new holding for a charity is to register it in the name of the charity.

You need to provide a formal record of the names of the controllers (signatories) of your charity who are authorised to act on the charity’s behalf, along with their signatures. You should notify us of any change of controller, in writing, as soon as possible to ensure our records are kept up to date.

If you want to register your holding in any other way (eg via a nominee/custodian or investment platform), we recommend you call our Charities Helpline on 0800 917 4472 to discuss this. We do not recommend registering in the names of individuals, this can lead to unnecessary complications when personnel change and re-registration is necessary.

Lines are open between 09:00 to 17:00, Monday to Friday. All calls are free within the UK. For security purposes, and to improve the quality of our service, we may record and monitor telephone calls.

Money Laundering

UK legislation set up to prevent money laundering obliges companies conducting investment business to be responsible for compliance with money-laundering regulations.

This means, in certain circumstances, investors may be asked to provide proof of identity when buying or selling units. Normally this won’t result in any delay in carrying out your instructions. However, if we ask for additional information we may not carry out your instructions until we receive this. In these circumstances we may refuse to issue or redeem units, release the proceeds of redemption or carry out such instructions.

How can a charity buy units or shares?

Units in any M&G Charity Fund can be bought every business day. You can buy units by submitting a completed application form or additional contribution form, by calling the Charites Helpline on 0800 917 4472. Send us a cheque to accompany any written request and to follow any telephone purchase. All cheques should be made payable to ‘M&G Securities Limited’. You may also send us proceeds electronically. Relevant bank details can be obtained by calling the Charities Helpline on 0800 917 4472 or email charities@mandg.co.uk

Lines are open between 09:00 to 17:00, Monday to Friday. All calls are free within the UK. For security purposes, and to improve the quality of our service, we may record and monitor telephone calls.

How can a charity invest?

A charity can invest with a lump sum or with regular investments by Direct Debit.

The first time you buy units in the M&G Charity Funds you will need to complete an application form in writing, or a charity declaration form if placing by telephone.

To safeguard the fund’s charitable status, you will need to provide your charity commission, Northern Ireland or Scottish charity register registration number or HM Revenue & Customs (Charities) claims reference number.

The charity declaration is included in the standard application forms for all M&G Charity Funds.

To invest on a regular basis, you will also need to complete a Direct Debit instruction. You may choose to have payments taken on the 1st, 10th or 22nd of the month. Payment frequency can be monthly, quarterly, six-monthly or annually. We are unable to accept standing orders.

Please note, the value of the fund’s assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.

How can a charity sell units?

Units of all M&G Charity Funds can be sold every business day either in writing or by telephone between 09:00 and 17:00.

Instructions will be carried out on receipt at the next-calculated price. If instructions are received by 12:00, for example, they will be carried out at that day’s price. All purchases are dealt on a forward price basis only.

A charity can sell its holding, in full or in part, at any time. The proceeds will be paid three business days after the valuation point, following the receipt of dealing instructions.

Contact us if you need any further information.

How can I follow the progress of the charity's investment?

When you buy or sell units in any M&G Charity Fund, we will send you a contract note showing the full details of the deal.

Certificates are not issued but the trustees will, on request, certify to holders the number of units held in their name. Details of quarterly income distributions are sent to the first named holder. We send you a manager’s report about the fund’s investments and performance every six months. We also issue quarterly valuation statements by post.

Click here to view daily fund prices

How is a charity's money invested?

There is a single price for buying and selling units in the M&G Charity Funds. The unit value is calculated according to Financial Conduct Authority regulations for collective investment schemes.

How much can a charity invest?

There is no minimum initial lump sum amount for investments made into The M&G Charity Funds. However, we do insist that at least one unit is purchased in any transaction. There is a £10 minimum per month for regular investments by Direct Debit.

What if the charity changes its mind?

Under the Financial Conduct Authority’s Conduct of Business Sourcebook, an investor is, in certain circumstances, entitled to cancel a contract to purchase units and have the money returned. Investors will not be refunded in full if the price of the units falls before we are informed that the cancellation notice has been served, because an amount equal to such a fall in the price will be deducted from the refund that would otherwise have been made. Cancellation rights apply only where an investor has bought units through a financial adviser and do not apply where an investor deals direct with M&G, but the fact that cancellation rights are not applicable does not affect an investor’s right to sell the investment at any time.

If a charity has the right to cancel it will be sent a cancellation reminder following its investment. If the charity wishes to exercise its right to cancel it should return this cancellation reminder within 14 days of receiving it to M&G Securities Limited, PO Box 9038, Chelmsford CM99 2XF.

What type of units are available?

Income units in M&G Charity Funds allow you to receive income quarterly.

Accumulation units in M&G Charity Funds provide a facility to reinvest income. This is reflected in the accumulation unit price. The number of accumulation units does not change when income is reinvested.

Income units and accumulation units are available for all M&G Charity Funds.

When are prices calculated?

Prices are calculated at 12:00 each business day. They are updated on our website from around 21:00 each day.

Eligibility and verification

How does M&G know if a charity is eligible to invest?

M&G Charity Funds operate under a self-certification system whereby new investors must complete a declaration on the application form confirming their charitable status, confirmation being the insertion of their Charity Commission number, Scottish Charity Register registration number, Northern Ireland Charity Register, or HM Revenue & Customs (Charities) claims reference number.

All declarations will be subject to independent checks by HM Revenue & Customs (Charities). Additionally, non-receipt of a completed declaration within 60 days of purchase will result in the investment being void and the units will be sold. If the price of the units has fallen the charity will not get a full refund of the money it has paid. Furthermore, if the charity has received an income distribution before the holding is declared void then this will be deducted from the sale proceeds.

Under the self-certification system a charity, if it wishes, may receive accumulation units from the outset, in which case income will be automatically reinvested

Visit our forms and literature page to download the relevant forms now.

What happens if M&G does not receive a completed declaration from the charity?

M&G must receive a completed declaration from the charity within 60 days of the initial purchase, or stock transfer execution date.

If we do not receive a declaration, the investment will become void and the units will be sold at the prevailing price at that time.

If the price of the units has risen the charity will be repaid its original investment (or the cash value at point of stock transfer) and the fund will keep any balance

If the price of the units has fallen the charity will not get a full refund of the money it has paid (or of the cash value at point of stock transfer).

In addition, if the charity has received an income distribution before the holding is declared void, this will be deducted from the sale proceeds.

What happens if potential investors can't provide the required evidence?

If you have difficulty providing the standard evidence of identity, contact the Charities Helpline on 0800 917 4472 to discuss alternative arrangements.

Lines are open between 09:00 to 17:00, Monday to Friday. All calls are free within the UK. For security purposes and to improve the quality of our service, we may record and monitor telephone calls.

What if a charity doesn't know its charity commission registration number or HM Revenue & Customs (Charities) claims reference number?

Charities in England and Wales that can’t trace their charity commission number can check the register of charities.

Charities in Scotland that can’t trace their Scottish charity number can check the Scottish charity register. Charities in Northern Ireland that can’t trace their Northern Ireland charity number can check the Northern Ireland charity register.

Charities not on the relevant charity commission register can contact HM Revenue & Customs (Charities), St John's House, Merton Road, Bootle, Merseyside, L69 9BB. Tel: 0845 302 0203.

When a charity invests over the telephone, how does it complete a declaration?

When a charity invests by telephone, M&G issues a contract note to acknowledge the deal, along with a declaration form for first time purchases.

Charities can also download a declaration form from our website to complete and return to M&G using the address shown on the application form.

The charity is required to complete this declaration form and return it to M&G within 60 days of making a new investment.

Who is eligible to invest in Charifund or Charibond?

Any charity in England, Wales, Scotland and Northern Ireland can invest in all M&G Charity Funds.

Please note, the value of the fund’s assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.

Prove your identity

How does M&G verify identity?

We recognise that charities can be set up in a variety of ways:

  • A limited company
  • A trust with individual trustees
  • An unincorporated association run by officers and a committee

The document(s) needed to establish how the charity is set up varies according to your particular circumstances. We also need to verify the identities of the individuals who have day-to-day control over the charity and instruct M&G on the charity’s holding (controllers or signatories).

If we are unable to verify an individual’s identity electronically, we will need separate documentary evidence of his or her name and address. Common examples of documentary evidence for UK residents are:

Personal identity documents:

  • Current signed passport
  • Residence permit (issued by the Home Office to EU nationals)
  • Shotgun or firearms certificate
  • EEA member state identity card*
  • Northern Ireland voter’s card*
  • Current EEA or UK photocard driving licence*
  • Blue disabled driver’s pass*
  • Current full UK old-style driving licence (not provisional)*
  • HM Revenue & Customs tax notification*

Documentary evidence of address:

  • Local authority tax bill (valid for the current year)
  • Bank, building society or credit union statement or passbook**
  • Utility bill or utility statement (not mobile telephone bills)**

* These documents are also acceptable as evidence of address, provided they have not been used as evidence of personal identity.

** Dated in the last three months

When do M&G verify identity?

Financial services firms are required by law to verify the identity of new customers, including any person acting on behalf of a charity.

A firm may also verify the identity of existing customers when it needs to:

  • Check customers who joined us before the checks were law
  • Check if it is holding out-of-date information for a customer
  • Verify a charity’s bank account is in their name
  • Verify how a charity is set up and the identities of those running it
  • Verify the source of funds (for payments drawn on an account not in the name of the investor)

Why do investors have to prove their identity?

Verifying the identity of our investors means it is more difficult for criminals to access the financial system and use false names, addresses or the identities of innocent people.

We are also less likely to take on customers involved in criminal activities and it helps the police and other law enforcement agencies to detect and investigate crime.

Need further information?