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Unit Trust Corporation - Utc

UTC beats recession odds, posts big profit

Despite the gloom which has been facing investors everywhere, the Unit Trust Corporation of Trinidad and Tobago has made over TT$163 million in income returns for locals who invested in three of their income fund schemes this year. Ref. Source 1

Utc Corporation Trust Unit

I was under the impression that UTC was the safest financial institution with very rigid security measures. But like any other financial institution, there is always a risk involved whenever the company expands. Over the years, UTC has expanded very rapidly and I noticed that the security measures were becoming more relaxed. I was horrified to hear about embezzlement and people boldly posing as legitimate customers and stealing a person's funds. But what amazes me about UTC, they do not seem to be very concerned about publicizing people who embezzle. I am very disappointed how little interest is generated from the Second Unit Scheme account. But it is good that at least one financial institution like UTC does not charge you for withdrawing your own money, like in the banks!

Unit Trust Corporation - Utc Caribbean / Tobago & Trinidad

UTC gets 10,376 new customers

The Unit Trust Corporation has grown its customer base by more than 10,000 unitholders and has recorded "better than expected" financial results for the first half of 2009. Ref. Source 4

Utc Corporation Trust Unit

I suppose UTC has benefitted handsomely from CLICO being rescued by the Government. Once the public learned that the Government would be taking over CLICO, Republic Bank has lost a large number of customers. After all, no one wants the Government having access to their accounts. People were scared, alarmed, they panicked and decided to settle in UTC. I suppose they feel safer, more secure and above all, their financial business would be private.