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Aberdeen Standard Capital wins mandate from Charities Aid Foundation

Aberdeen Standard Capital (ASC) today announces its biggest charity strategic partnership to date by securing the CAF Financial Solutions Limited (CFSL) mandate of c. £200m. CFSL is a subsidiary of the Charities Aid Foundation (CAF). ASC and CAF signalled their intent to work together in November and this mandate announcement marks the first significant milestone for the partnership. CAF provides financial services, advice and support to UK and International charities and their donors.

Following a robust selection process, ASC has been chosen to be the investment manager of an existing range of CAF Funds and the CAF Managed Portfolio Service (MPS) which uses these funds. The relationship will also focus on future fund developments.

With experience in charitable investment for the last 20 years, the ASC specialist charity team has enjoyed significant growth in recent years by offering a range of highly tailored segregated or pooled solutions including those with a more specific impact or climate focus.

Laurence Gagen, Head of Charities, London at ASC said:

“We are excited to partner with the Charities Aid Foundation and their clients through the IFSL CAF Funds and the Managed Portfolio Service. CAF has such a strong reputation in the charity sector and together we can be genuinely disruptive within the charity and donor investment space.

“Our specialist team has been investing responsibly for charities, delivering strong investment outcomes through portfolios that align with client values and positively benefit people and the planet. This partnership signifies a step change in our presence in the charity sector with our biggest ever mandate award.”

Richard Charnock, CEO of ASC, added:

“We’re delighted to be working with Charities Aid Foundation and look forward to bringing investment excellence and innovation to the charity investment market.

“This announcement represents an important development in the growth of our charity business and demonstrates the importance of this sector to us while acknowledging the benefits it brings to wider society.”

Bridgit Richards, Director of Philanthropy, Product & Marketing and CEO of CFSL at the Charities Aid Foundation commented:

“We are excited about the opportunities that the new relationship with ASC offers our charity and private clients. ASC’s long history of being on the side of charitable organisations, combined with their excellence in investment management made them a clear choice when looking for a new home for the IFSL CAF funds and our Managed Portfolio Service.”



For further information, please contact:

Patricia Corrigan, Global Media Manager, Standard Life Aberdeen
0774 092 4558/ patricia.corrigan@aberdeenstandard.com

Dan Slipper, Communications Officer, Charities Aid Foundation
0798 633 5390 dslipper@cafonline.org @DanielSlipper (Twitter)

Notes to editors

  • Aberdeen Standard Capital is a discretionary fund manager delivering investment solutions from wealth preservation to wealth generation. Funds and securities are selected from the whole of the market. It offers tailored approaches to best suit clients’ goals over the long term, ranging from pooled funds through to segregated portfolios of individual stocks.
  • Launched in 2008 Aberdeen Standard Capital (formally Standard Life Wealth) has £7.6billion of assets under management for private clients, charities, trust companies and pension schemes (as at 31 December 2020).
  • Aberdeen Standard Capital has offices in London, Edinburgh, Birmingham, Bristol, Leeds and Jersey.
  • Aberdeen Standard Capital is the discretionary investment management arm of Aberdeen Standard Investments.

For further details please go to: https://www.aberdeenstandardcapital.com/charitiesM

Important Information Investment involves risk. The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not a guide to future results. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. We recommend that you seek financial advice prior to making an investment decision. The details contained here are for information purposes only and should not be considered as an offer, investment recommendation, or solicitation to deal in any investments or funds and does not constitute investment research, investment recommendation or investment advice in any jurisdiction.

About Charities Aid Foundation

The Charities Aid Foundation (CAF) exists to make giving go further, so that more lives and communities around the world can be transformed.

CAF is a charity and a champion for better giving, and for over 90 years has helped donors, companies, charities and social organisations make a bigger impact.

CAF offers a series of innovative products to our charity partners as part of a transformative approach to banking and financial services for the UK’s non-profit sector.

We are CAF and we make giving count.

CAF Financial Solutions Limited (CFSL) is authorised and regulated by the Financial Conduct Authority under registration number 189450. CFSL Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4TA. Registered in England and Wales under number 2771873. CFSL is a subsidiary of Charities Aid Foundation (registered charity number 268369).


Investment involves risk. - The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not a guide to future results.