Full investment portfolio: Global equities 30% UK equities 6% Defensive equities 8% Multi-asset 10% Private equity 7% Timberland 4% Infrastructure 1% Commercial property 3% Residential property 6% Farmland 8% Strategic land 3% Indirect property 1% Value linked loans 1% Cash 6% The Church Commissioners were formed in 1948 by joining together two bodies: Queen Anne's Bounty and the Ecclesiastical Commissioners. It provides financial support for parish ministry to meet the liability for clergy pensions and other commitments.
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