trustee investments

trustee investments

investments made by a trustee on behalf of an individual or group through a TRUST. In the UK such investments are governed by the Trustee Investment Act of 1961, which lays down rules obliging trustees to maintain part of their portfolio in the form of Government BONDS, and restricting shareholdings to SHARES in larger quoted companies.
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Her husband Arnold was charged with dishonestly falsifying entries in an investment book relating to Trustee investments.
38) While the need to diversify arises from the duty to act as a prudent person would in investing for others, it is embodied in section six of the Trustee Investments Act of 1961 requiring a trustee to have regard "(a) to the need for diversification of investments of the trust, in so far as is appropriate to the circumstances of the trust; (b) to the suitability to the trust of investments of the description of investment proposed and of the investment proposed as an investment of that description.
This practical new law book by David Coldrick is a unique exploration of the legal obligations and the available investment options in relation to trustee investment.
Coldrick on Modern trustee investment seeks not only to address these issues but to set out 'best practice' in the field of trustee investment.
At over 300 pages, Coldrick on Modern trustee investment is an in-depth analysis of key subjects including an assessment of acceptable investments, the basics of investment planning and measuring investment manager performance; practical guidance on assessing and managing the risk associated with investments is also given.
Chapter Four: Behavioural pitfalls in trustee investment