The summer sun is out, the cricket is on and 2017 is almost wrapped up. As the year comes to a close, its always a good time to reflect on the year that was.
Throughout the year, the UC Invest team has been working on a significant project in response to regulatory changes that apply to all Religious Charitable Development Funds like UC Invest.
These changes have required us to make modifications to our corporate structure and apply to the Australian Securities and Investment Commission (ASIC) for an Australian Financial Service Licence (AFSL). We are currently waiting on the final approval for the AFSL from ASIC.
While we wait for this approval, and to have time to transition to a new structure, ASIC have provided us with special conditions which allow us to continue operating until 31 March 2018. It is intended that by 31 March 2018 the activities and operations of UC Invest will be transferred to our new company. Click here for more information about our special conditions and the changes that are coming in 2018.
Although we have spent a lot of time on this legal process, what is at the core of our operations are our investors and our community. For the past 30 years, UC Invest has been dedicated to serving our Uniting Church community by providing a competitive investment service.
As we move into 2018, we thank all of our valued investors for supporting us, and in doing so, making a real difference via grants to the Uniting Church community to enable them to do their important work.
We consider it a privilege that you invest your hard earned funds with us. Once again, we thank you for your support and wish you a Merry Christmas and a safe and happy New Year with your family and friends.
Regards
Paul Barnett
