Personal Financial Services
The introduction of the Trustee Act 2000 has given Professional Trustees far greater investment freedom but equally more accountability.
Professional Trustee are required to exercise a ‘duty of care' and skill having regard in particular for any specialist knowledge or expertise they hold as an individual. Therefore the level of care expected is higher for a Professional Trustee than that expected of a lay Trustee.
In addition, Trustees are now required to seek investment advice and regularly review the Trust investments.
For more information please contact us or request a call back.
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