UTC Media Centre

 
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Opening Remarks – Building Robust Media Reporting
By
Ms Eutrice Carrington
Executive Director
Of
The Trinidad and Tobago Unit Trust Corporation
At
The UTC’s Media Workshop
Held on
18th and 19th October 2012

Thanks for those kind words of introduction.

Ms. Amoy Chang Fong, Chairman of the Unit Trust Corporation, Mr. Ewart Williams, former Governor of the Central Bank, Ms. Jan Brandstrader, workshop facilitator, executives and senior managers of the UTC, ladies and gentlemen of the media fraternity, specially invited guests, welcome to UTC’s first business media workshop.

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Ms. Eutrice Carrington, Executive Director of the Unit Trust Corporation,
Mr. Ewart Williams, retired Governor of the Central Bank,
Ladies and gentlemen of the media fraternity, specially invited guests.

It is my pleasure to welcome you all to this Business Media Workshop, which the Trinidad and Tobago Unit Trust Corporation has organized for our small community of business reporters.

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Friday 12th October: The Unit Trust Corporation (UTC) wishes to clarify its position relating to the ADB VSEP loan plan and outlines the following :

In 2003, several Caroni VSEP recipients opted for a product offered by the Agricultural Development Bank (ADB) where they were allowed to borrow funds, against investments held in the UTC’s Individual Retirement Unit Account (IRUA). The IRUA is a plan within the First Unit Scheme (FUS) also called the Growth and Income Fund.  One of the most noticeable features of the FUS is that it carries a price guarantee.  The guarantee mechanism requires the investor to hold the funds in the FUS for a minimum of three years.  Once the three year threshold is crossed in the event the unit holder sells the units and there is a shortfall between the price at which the units were purchased and the price at which the units are sold by way of redemption the investor is entitled to have any such short fall made good by the Unit Trust Corporation.

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October 15th, 2012

UTC Investment Segment

Q: What impact does the 2013 Budget have on my investment decisions?

Many people would have been paying close attention to the 2013 Budget delivered by Finance Minister Larry Howai in Parliament on October 1. As well as they should, the budget of a government is a summary or plan of the intended revenues and expenditures and is used to signal to the public know what its plans are for the coming year.

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