UTC Media Centre

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

A diverse group of business and non- business students will have the opportunity to gain practical hands-on experience during the two-month internship program at the Trinidad and Tobago Unit Trust Corporation.

The twenty-eight (28) secondary and tertiary students were officially welcomed by Mr. Nigel Edwards, Vice President, Finance and Mrs. Judith Sobion, Vice President, Corporate Support Services during the orientation ceremony on Monday 6th July at the Financial Centre. Emphasizing the benefit of program to the eager interns, Mr. Edwards said “ The UTC internship will allow you to complement and hone your current studies by applying what they are learning in our classrooms in the workplace environment,” Read More

June 26th, 2015

Retirement and You

Balancing the realities of an ageing population and increased life expectancy means that for the modern Trinbagonian, retirement may no longer be guaranteed but now, a matter of prudent investment. As life expectancy increases, the need for extended retirement planning has become a matter of necessity. The current age of retirement in Trinidad and Tobago is standardized at 60 years of age. While this has been the subject of active debate, it also seems unlikely to change in the near future. The most recent data (sourced from Trinidad and Tobago’s own National Financial Literacy Programme) illustrates that as far back as 2006, persons 60 years old and over numbered 130,000 or 10 % of the population, compared to 87,000 or 8.0% of the population in 1980.

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As part of World Environment Day (WED) initiatives, staff of the Unit Trust Corporation (UTC) in collaboration with Papa Bois Environmental Group, came together to clean up the beautiful Yaara Beach on the North West Coast, Trinidad and Tobago. In order to make the clean-up more environment friendly, staff reduced the use of plastics and all traveled by maxi to the beach. Read More

Every purchasing decision we make has an impact on the environment, economy and society – from the energy which our new computer consumes, to the conditions of the workers who made our clothes.

Natural Resources are scarce in comparison to our demands which appear to be unlimited. Every product or service manufactured or utilised is a result of the utilisation of natural resources. Read More

At some point in our lives, we ponder the question, “What would you do if you were given a large sum of money?”Many people would feel burdened and intimidated with the responsibility of managing any kind of excess money.

Receiving a lump sum payout can be very exciting because for many individuals it’s rare to have the opportunity to spend or invest a large amount of money at one time. But figuring out what to do with a lump sum payout also can be very stressful, especially if you aren’t comfortable making financial decisions.

Many experts recommend that you should take several months or even a year to decide how you’ll use the money, especially if the payout is tied to an emotional event, such as a death of a family member or a separation from your job. Read More

 ADDRESS BY THE EXECUTIVE DIRECTOR
IAN CHINAPOO
 ON THE OCCASION OF THE TRINIDAD AND TOBAGO UNIT TRUST CORPORATION’S
 33RD ANNUAL GENERAL MEETING HELD ON MAY 27TH, 2015
AT DAAGA AUDITORIUM UWI, ST. AUGUSTINE

 

 INTRODUCTION

Thank you Master of Ceremony for your kind words of introduction. Mr. Wendell Mottley, Chairman of the Unit Trust Corporation, fellow Directors of the Trust, Representative of the Auditor General, Specially invited guests, Members of my Executive Team, Management and Staff of the Corporation, Unitholders, Representatives of the print and electronic media, ladies and gentlemen. Read More

ADDRESS BY THE CHAIRMAN
WENDELL MOTTLEY ON THE OCCASION OF
THE TRINIDAD AND TOBAGO UNIT TRUST CORPORATION’S
33RD ANNUAL GENERAL MEETING
HELD ON MAY 27TH, 2015
AT DAAGAAUDITORIUM UWI,ST. AUGUSTINE

Thank you Master of Ceremony. Mr. Ian Chinapoo, Executive Director of the Unit Trust Corporation, fellow Directors of the Trust, Representative of the Auditor General, Specially invited guests, Members of my Executive Team, Management and Staff of the Corporation, Unitholders, Representatives of the print and electronic media, ladies and gentlemen. Read More

The question of whether or not to obtain professional financial advice may be lingering on the minds of many persons who have had to deal with the reality of a fixed salary, rising expenses and wading through the maze of savings and investment options available. Since proper and consistent financial planning is the key to dealing effectively with these realities, how can the services of a Financial Advisor help you? Read More

April 24th, 2015

Financial Sector Changes

In an effort to further protect financial institutions, Know Your Customer (KYC) requirements remains a key feature.KYCis the process regulated markets identify clients and ascertain pertinent information before engaging in business with them. This is required for financial institutions and other companies to conform to due diligence and financial regulatory legislation. While the specific details of KYC requirements may differ between jurisdictions and regulatory regimes, organisations are required to understand their customers and clients including identifying the business, source of funds and wealth, purpose of specific transactions, expected nature and level of transactions and countries from which the customers/clients originate. The purpose of KYC guidelines is to assist financial institutions from being used by criminal elements for money laundering activities. Read More

April 16th, 2015

UTC raises bar on education

April 15th 2015: The Unit Trust Corporation recently partnered with students of St. Joseph’s Convent, San Fernando and Presentation College, Chaguanas on diverse educational projects, aimed at equipping them with life skills and reinforcing positive social interaction. Read More