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Comic Relief to launch new investment policy

Comic Relief is to launch a new investment policy in the coming weeks, following a decision to remove all funds from its portfolio that include shares in alcohol, tobacco and arms companies.

Last year, a Panorama documentary heavily criticised Comic Relief for its decision to invest money in arms, alcohol and tobacco. In the programme, ordinary supporters of the charity said its investment policy was “disgusting” and called for it to change its strategy.

At the time Kevin Cahill, chief executive of Comic Relief, promised to review the charity’s investment policy and a panel was appointed to recommend on the principles and framework for a new investment policy at Comic Relief and its levels of transparency.

The panel, which includes Andrew Hind, editor of Charity Finance, John Kingston founder director of CAF Venturesome and three Comic Relief trustees, has now made its recommendations, and these are now with Comic Relief’s board of trustees for consideration. The full outcome of the review, and Comic Relief’s response, will be announced shortly.

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