A Practitioner's Guide to Trustee Investment Powers
Published on 1. November 2003
Book
Paperback/Softback
978-0-406-96528-8 (ISBN)
Description
The law relating to trustee investment was fundamentally altered by the introduction of the Trustee Act 2000. Solicitors, accountants, bankers and other persons acting as trustees are subject to amended statutory duties including the new statutory duty of care. The new regime provides trustees with new powers but imposes a raft of new obligations on them in order to safeguard the interest of beneficiaries. This title concentrates on the powers and duties of trustees in relation to the investment of trust funds. It provides a concise guide to the considerations that a trustee should bear in mind and examines the Act against the background of the old case law that is still relevant and applicable.
More details
Language
English
Place of publication
London
United Kingdom
Publishing group
Bloomsbury Publishing PLC
Target group
Professional and scholarly
ISBN-13
978-0-406-96528-8 (9780406965288)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Content
Contents: 1. Introduction 2. The Statutory Power of Investment under the Trustee Act 2000 3. Express Powers of Investment 4. Exercise of Powers of Investment 5. Investment in Land. 6. Investment on Mortgage 7. Collective Delegation 8. Nominees and Contents: Custodians 9. The Old Law: Trustee Investments Act 1961 10. Breach of Trust 11. Pensions 12. Charities 13. Taxation Issues Appendix 1: Draft Policy Statement and Appointment of Investment Manager Under Section 15(2)(a) Trustee Act 2000; Appendix 2: Trustee Investments Act 1961; Trusts of Land and Appointment of Trustees Act 1996, ss 1, 6, 7, 8, 10, 11, 12, 13, 14 and 15; Trustee Act 2000