UTC Media Centre

 
We will keep you updated with whatever happens - when happens in the world of Unit Trust.
 
 

A proper strategy is required to ensure that the goals you set are met. Whether the targets are to pay bills or to go on vacation, a carefully, well laid-out plan can assure success.   So when it comes to your finances a strategy map secures your goals.

You may have short-term goals you hope to achieve within a few years and long-term goals for the distant future. For example, you may be saving for the down payment on a home or perhaps you want to provide university education for your children. Maybe your goals are even longer term and you’re building a nest egg for retirement or planning to get married. Whether you are kick starting your investment or already a seasoned investor, setting goals are the foundation upon which long term wealth is built.In order to reach your goals, you need to determine their practicality and outline each goal’s investment time horizon. Time is important because the longer you have to achieve a goal, the more aggressive you can be in your investment choices. Conversely, when you have less time to achieve a goal, it is more prudent to consider lower risk investments. Read More

 Gaining the knowledge and developing the skills to become financially literate is a lifelong process that begins with something as simple as putting a few pennies in a piggy bank, and evolves to more advanced subjects such as risk and asset allocation. Some parents may have a difficult a time talking with their teenagers about money, but it’s critical to their survival in the real world.

Unsure of where to begin and worried about saying the wrong thing, many adults simply avoid conversations about money. This is often made worse by adults’ lack of confidence in their own handling of finances. It is important for adults to remember thatthey have experience and perspective on their sides, and can draw both from their financial mistakes and successes to share essential knowledge and skills to their children. Read More

March 6th 2015:As vibrant colour and creativity washed over the Queen’s Park Savannah during this year’s Kiddies Carnival, staff from the Unit Trust Corporationcreated a memorable impression for those who came from children’s homes across the country.

The annual eventis crucial to the Carnival calendar, and this year the UTC collaborated with the Trinidad and Tobago Red Cross Society to host a fun-filled day for children who reside at these homes.

As part of UTC’s commitment to supporting and contributing to the development and promotion of culture in Trinidad and Tobago, the Corporation made a financial contribution amounting to $20,000.00 to the event.

The UTC volunteers distributed gifts to these children, took them to get their faces painted and ensured they were engaged during the show.

Read More

February 12th, 2015

Carnival Closure Notice

UTC-Carnival-ClosingNotice

January 21st, 2015

UTC prevents loss of funds

January 20th 2015: In January 2013, during our routine compliance procedures, the Unit Trust Corporation discovered and prevented an attempt to defraud an institution of $50 million.

There was no loss of funds to the institution and the monies were fully recovered. Immediately following the detection of the fraudulent activity, we informed the financial institutions involved and law enforcement officials were notified.

We have been fully cooperating with law enforcement officials in their investigation and appreciate the significant efforts of the authorities in this matter.

The UTC employs rigorous processes and procedures designed to prevent fraud and we continue to seek to ensure that unit holders’ funds are safe and secure.


For further information, please contact:
Rory Rostant
Communications Manager
Tel: 624-8648 ext. 7020; mobile 685-7975
Email: rrostant@ttutc.com

December 31st, 2014

UTC NewYearsGreeting

UTC-NewYearsGreeting-final

December 23rd, 2014

UTC Christmas Hamper Drive

Executive Director, Unit Trust Corporation, Ian Chinapoo presents one of 32 food hampers to Melissa Jimenez, Marketing Officer, KIND, at Unit Trust Head Office, Independence Square, Port of Spain.

Executive Director, Unit Trust Corporation, Ian Chinapoo presents one of 32 food hampers to Melissa Jimenez, Marketing Officer, KIND, at Unit Trust Head Office, Independence Square, Port of Spain.

UTC Christmas Hamper Drive:

In celebration of its thirty-second anniversary, the Unit Trust Corporation donated 32 hampers to Kids In Need of Direction (KIND), a charitable foundation that provides assistance to children at risk throughout Trinidad and Tobago. KIND also supports the development of children through the pillars of education, nutrition, medical assistance, vocational training, emotional counselling and sport. UTC fully supports initiatives that aid in the development of at risk youths and provides support towards meeting their educational needs.

Opening remarks
Delivered by
Mr. Ian Chinapoo
Executive Director, T&T Unit Trust Corporation
Closing of the UTC Schools’ Investment Game 2014
Wednesday 10thDecember, 2014
UTC Financial Centre, Port of Spain

Executives, Senior Managers, teachers, students, members of the media, ladies and gentlemen.

Good morning !  To those who were here in September for the launch of our Schools’ Investment Game, welcome back!

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UTC, NIB and NEL Jointly Acquire 10% stake inPhoenix Park Gas Processors Limited

First investment as a consortium by the leading institutional investors in Trinidad & Tobago results in full ownership of Phoenix Park by statutory and related entities of the Republic Trinidad & Tobago.

 Port of Spain, November [19th] 2014 –An investmentconsortium comprisingThe National Insurance Board of Trinidad and Tobago (“NIBTT”), National Enterprises Limited (“NEL”), and The Trinidad and Tobago Unit Trust Corporation (“UTC”) announced today the acquisition of 100% of the equity of Pan West Engineers & Constructors, LLC (“Pan West”)for a total consideration of US$ 168 million.Pan West is a wholly-owned subsidiary of General Electric Capital Corporation (“GE”) and the holder of a 10% equity interest in Phoenix Park Gas Processors Limited (“Phoenix Park”). Read More

November13, 2014: Local business journalists, both seasoned and rookies, were given an opportunity to take their craft to another level at the Business Media Workshop hosted by the Unit Trust Corporation on 15th and 16th October, 2014, at the Hyatt Regency, Port of Spain.

Following the conclusion of the two-day workshop, reporters and editors from across the media spectrum, were presented not only with Certificates of Participationbut digital voice recorders, a useful tool to assist them with their jobs. The UTC hosted its first media workshop in 2012 and made quite an impact. Read More