Courts to invest trust funds

THE COURTS are to invest up to €800m euro in the stock market and other equity-based schemes to ensure people awarded damages receive the maximum amount of money possible.

Funds are held in trust by the courts for around 22,000 people, such as minors and wards of court, who have been awarded damages.

Following a major review into the way this money is managed, the Courts Service has appointed top fund managers to decide on how best to invest the money.