10 September 2012
Commissioners today announce the appointment of Carol Hawkey as
Head of Rural Asset Management in their Property Investment
Department. Carol will be responsible for overseeing more than
100,000 acres of investment farmland throughout England, together
with the Commissioners' mineral interests around the country. She
will also take the lead in identifying acquisitions and disposals
relating to this portfolio.
Cannon, Chief Surveyor to the Commissioners, said: "We are pleased
to welcome Carol as a senior member of the Commissioners' Property
Investment Department. She is a professional rural surveyor and has
considerable experience of dealing with let land investment,
strategy and management. Carol will lead our internal and external
professional teams in maximising the long term financial returns
from this key portfolio."
brought up on a farm and has a committed interest in rural matters,
as well as being a keen musician and accomplished horsewoman. She
is married to Jamie, a Minor Canon at Westminster
joins the Commissioners from Bidwells in Cambridge, where as a
Partner her responsibilities have included managing a large and
varied portfolio on behalf of private and institutional clients.
She holds a Master's degree in Land Economy from the University of
Aberdeen and is both a Chartered Surveyor and a Fellow of the
Central Association of Agricultural Valuers. Carol takes up her new
post in December.
Church Commissioners are responsible for managing a large portfolio
of assets, a well diversified mixture of UK and global equities;
urban and rural real estate, including holdings in managed property
funds in the UK and overseas; bonds and cash; and loans for Church
The Commissioners fund all clergy pensions earned before 1998.
(Pensions earned since then are paid from the separate Funded
Scheme, which is funded by contributions from dioceses and other
Commissioners manage a closed fund with their expenditure derived
from the returns earned from investments under their
Actuaries assess the Commissioners' fund in detail every three
years (with yearly reviews) to advise on how much they can safely
plan to spend.
Commissioners' mission is to support the Church of England's
ministry, particularly in areas of need and opportunity. Their main
to obtain the best possible long term return from a diversified
investment portfolio in order both to meet their pension
commitments and to provide the maximum sustainable funding for
their other purposes such as support for the work of bishops,
cathedrals and parish ministry
in doing so to pay particular regard to making "additional
provision for the cure of souls in parishes where such assistance
is most required"
to administer the legal framework for pastoral reorganisation and
settling the future of churches which have been closed for