UTC Media Centre

 
We will keep you updated with whatever happens - when happens in the world of Unit Trust.
 
 
October 2nd, 2013

UTC suffers power outage

On October 2nd 2013, the Unit Trust Corporation undertook an emergency evacuation that was triggered by the fire alarm at the Port of Spain Head Office.

Smoke was seen emanating from the northern side of the basement following a power outage and subsequent power surge.

In keeping with our safety procedures, the emergency services were alerted and following rigorous inspection of the building by the Trinidad and Tobago Fire Service and T&TEC, the officers advised it was safe to enter the building.

***END***

For further information please contact:
Rory Rostant
Communications Manager

Warren Buffet once said, “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that you’ll do things differently.” One of the most common mistakes investors make is not thinking holistically about their portfolio. Instead, they tend to examine each individual investment and overreact to the ones that are performing poorly or experiencing volatility – a recipe for financial ruin.

To both the novice and seasoned investor, volatility is the tendency of a market or security to rise or fall sharply over a short period of time. Changes in monetary policy, economic crisis and even the threat of war are forces that can contribute to stock market volatility. For example, in the energy sector, a major weather storm in an important oil producing area can cause prices of oil to spike in either direction. As a result, the price of oil-related stocks may follow suit. Some may benefit from the higher price of oil while others may be impacted negatively. This increased volatility can affect overall markets as well as individual stocks. Read More

As much as we hate to think about it, life doesn’t always go to plan. Unexpected illness, injury or death could strike at anytime and leave your family, spouse and even yourself in some serious financial trouble. The financial toll on you and your loved ones can be crippling.

Having the right measures in place can provide you with invaluable financial support if the unexpected happens. Insurance, a ‘rainy day’ or emergency fund and budgeting are all easy, affordable measures you can put in place to make sure your financial needs are addressed in the event of an unexpected illness or death. If you think life insurance isn’t something to be concerned with ask yourself this question: If you were to pass away, could your family maintain their quality of life to an acceptable level? Could your spouse and children afford to cover your outstanding debts and live from week to week without your income? The answer is probably no. Read More

Once you start earning a monthly income and begin to have dreams about what you want in life, from owning a new vehicle to purchasing a home or even travelling the globe, you have set goals that have a cost attached to them. Meeting those goals requires an investment portfolio that is right for you.

What exactly is an investment portfolio? It is a collection of assets aimed at achieving one or more investment objectives.  These may include making immediate profits, earning regular income, growing as well as preserving the initial principal invested. The investment instruments available to you include mutual funds, money market instruments, bonds, stocks and alternative assets such as land and rental property. Read More

Youth development through culture: The Unit Trust Corporation, in its continued commitment to youth development and cultural enhancement, provided a donation worth $10, 000 to the Trinidad and Tobago Music Stars Steel Orchestra. The group which consist of 73 youths from the Morvant community, coordinates an annual vacation camp to build their skills in the area of music, sports and computer literacy. The camp is aimed at channeling the energies of youth into activates that will reap positive rewards in their future. Here, Gayle Daniel-Worrell, Vice President, Marketing, Communications and Distribution Channels, Unit Trust Corporation, presents the donation to Mugabe Pierre, Founder Trinidad and Tobago Music Stars Steel Orchestra.

Healthy Bodies, Healthy Minds

August 15th 2013: The Unit Trust Corporation in pursuit of its commitment to education and youth development recently partnered with The Cotton Tree Foundation at its annual vacation camp, themed “Healthy Bodies, Healthy Minds.”

Donation: (L-R) Gayle Daniel Worrell, Vice President, Marketing, Communications and Distribution Channels (right) presents Anneliese Percy, General Manager, Cotton Tree Foundation receive donation cheque from

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Losing a job is often traumatic, but it doesn’t have to be a financial disaster. For a variety of reasons —job terminations, layoffs, downsizing, mergers or reengineering — spells of unemployment are realistic occurrences for many people. We live in turbulent times and no one is immune to job loss.

In times of such stress, it’s easy to make hasty financial decisions that turn out poorly. So in the immediate wake of your job loss, don’t panic by cashing in your retirement plan, savings from insurance or selling off long-term investments or make any financial decision until you’ve worked out a realistic plan for dealing with your reduced income. Read More

August 5th 2013: The Unit Trust Corporation, in its continued commitment towards community development and cultural enrichment, has once again partnered with the Tobago Heritage Festival by supporting the Canaan/Bon Accord Village Council in its production “It takes a Village to raise a child.” The UTC made a tangible contribution of $35,000.

UTC’s Executive Director, Ian Chinapoo, in his address, endorsed this year’s theme “Community Treasures: Reflections, ” stressing  that “honouring our history forces us to refocus our attention on the importance of community togetherness and the inherent belief that communities help foster the growth of its human treasures – its people.”

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Opening Remarks Delivered by
Ms. Gayle Daniel Worrell – VP Marketing, Communications and Distribution Channels
UTC’s Scholarship Award Ceremony
July 26, 2013

  • Members of the Management Team of the Unit Trust Corporation
  • Ms. Dionne Guischard, Psychologist, Families in Action
  • Mr. Justin Silva, Portfolio Manager, Unit Trust Corporation
  • UTC Scholars
  • Parents, grandparents and relatives
  • Members of the Media
  • Ladies and Gentlemen

Welcome to the seventeenth annual Unit Trust Corporation Scholarship Awards.

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Vacations are often perceived as a budget killer, but they do not have to be. If a week at Disney World or a jaunt to a classy beach resort is already on the radar, you’re probably looking at a serious expenditure and careful, long term planning would have gone into making this a reality. However, many families face the possibility of going into debt while taking the much anticipated holiday.

To the uninitiated, the first rule of thumb for planning a vacation is to prepare a budget and identify the expenses so you are aware how much you are spending – From booking reservations to toothbrushes and medicine, everything adds up. Make a checklist of all of the financial needs if the vacation is overseas (airfare, car expenses, hotel, sightseeing etc). Will this vacation be a family outing or will it be you and your significant other? Next, factor in when you will be going. In three months? Next year? Answering these questions will help you allocate time and money in the most efficient way while on vacation. 

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