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Trustee
investment
The
Trustee Act 2000 has wide ranging implications for
Trustees and Trusts in England and Wales. It became
effective in England and Wales on 1st February 2001.
The
main focus of this Act was to allow Trustees to invest
in investments of any kind as if they were the absolute
owners of the trust property.
Trustees
have a number of duties in relation to the Trustee Act
2000:
They
must keep the investments under review and
decide whether to vary them if required.
They
must seek professional advice before
exercising any power of investment or when reviewing
the investments of the Trust.
The
investment adviser must be considered to be properly
qualified in such financial matters by both
ability and practical experience.
They
must consider the need for appropriate
diversification of investments.
They
must consider the suitability of the investment
for the particular Trust.
Here
at Informed Choice, we provide a specialist investment
advice service for Trustees to ensure they meet their
Trustee Act obligations.
We
offer a free initial meeting to discuss your financial
objectives. After this first meeting we will draw up a
detailed proposal for the provision of advice,
implementation and review services.
To
arrange your free initial consultation simply call us
today on 01483 274566 or email hello@icl-ifa.co.uk
to request
a new client welcome pack.
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