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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:
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They
must keep the investments under review and decide whether
to vary them if required.
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They
must seek professional advice before exercising any power
of investment or when reviewing the investments of the Trust.
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The
investment adviser must be considered to be properly
qualified in such financial matters by both ability and
practical experience.
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They
must consider the need for appropriate diversification of
investments.
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They
must consider the suitability of the investment for the
particular Trust.
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Here
at Informed Choice, we provide a fixed fee investment advice service
specifically for Trustees to help them meet their Trustee Act 2000
obligations.
We
offer a free initial consultation 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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to What We Do
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