TRUSTS & CHARITIES

The Trustee Act 2000 (England & Wales) and Charities and Trustee Investment (Scotland) Act 2005 outline the duties and obligations of trustees. They state that Trustees must act in the way that an ordinary prudent businessperson could be expected to act. Trustees are required to:

Pay heed to standard investment criteria, namely have regard to the suitability of the investment to the Trust and the need for diversification, to the extent it is appropriate for the circumstances.

Ensure that they monitor investments regularly and vary them if appropriate.

Obtain and consider proper advice about how the power to invest should be exercised or the investments of the trusts varied.

Given this level of responsibility, professional advice is essential.

Just Financial Group’s approach with Trustees is the same as with private clients: we work hard to identify the Trust’s aims, goals and objectives. Once this process is complete, we will recommend an appropriate investment strategy and keep it under regular review, recommending any appropriate changes to the investments.


Our Trustee Investment Service enables trustees to comply with their statutory obligations. We help trustees demonstrate that they have taken and considered appropriate advice. Trustees are also able to prove that they have a suitable investment strategy, have regular reviews and have diversified their assets appropriately.

Start a conversation and find out how we can help you.

Start a conversation and find out how we can help you.

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Glasgow: 0141 465 9999
Edinburgh: 0131 322 3999
London: 0203 319 9319
Manchester: 0161 393 9870

info@justfinancialgroup.co.uk

200 Bath Street, 2nd Floor, Glasgow G2 4HG

Legals

Just Financial Group Ltd is authorised and regulated by the Financial Conduct Authority. FSR reference number 739938.

Registered in Scotland. Company No. SC524886. Registered Office: 200 Bath Street, 2nd Floor, Glasgow G2 4HG.

The value of investments and income from them can go down as well as up and investors may not get back the amount originally invested. Past performance is not a guide to the future. The levels, bases and reliefs from taxation are subject to the individual circumstances of the investor and may be subject to future change.

Advice on Taxation and Trusts is not regulated by the Financial Conduct Authority. All information on this website is intended for general information purposes only and should not be considered as a personal recommendation. No decisions should be taken based solely on the content of the website and individual advice should be sought first.

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