State Church Rakes In Cash

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The Church of England achieved a 13.6% return on its investments in 2004. The record of its investment fund over the last ten years put it in second place out of more than 1000 such funds.
According to the Financial Times these profits resulted from heavy investment in commercial and residential property. The state church has beat the average pension fund by 3.2% a year over the last decade.
The fund is managed by the Church Commissioners who include the prime minister and home secretary. It produces a sixth of the state church’s income.
The church’s members in the UK are largely nominal and give insignificant
financial support.


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