Subjects:

Equity and Trusts

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 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""

""The law relating to trustee investment has been fundamentally altered by the introduction of the Trustee Act 2000. Solicitors, accountants, banks and other persons acting as trustees are now subject to new 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 new Act against the background of the old case law that is still relevant and applicable.""