Last reviewed on 6 March 2023
Statutory/mandatory for: Academies Free schools

Review your investment policy using our key questions. Use our model investment policy and examples from trusts to benchmark your own policy.

What this policy needs to do

Academy trusts must have an investment policy in place to manage and track their financial exposure, and ensure value for money, as set out in the Academy Trust Handbook (paragraph 2.25).

As well as having the policy, the trust must also:

  • Act within the powers to invest described in its articles of association
  • Make investment decisions with care and skill, taking advice as appropriate from a professional adviser
  • Invest so that security of funds takes precedence over maximising revenue
  • Make sure investment decisions are in the trust's best interests

You'll want to see that all of these are duties are reflected in the policy. To make this clear, the policy should include:

3 key questions to