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 PFM we can provide specialist investment advice for Trustees to ensure they meet their Trustee Act obligations.

Call us on 01768 840000 or e-mail info@profilefm.co.uk to request further information or arrange an initial meeting. This first meeting is at our expense and without obligation. We look forward to hearing from you.