Advice on trustee investment planning
Many people take on the role of a trustee without having any knowledge of the responsibilities attached to the position.
This applies to not only to trustees of individual and personal trusts and lay trustees but also to many trustees of charities and charitable organisations.
The Trustee Act 2000 imposes a number of responsibilities on all trustees and these include the following duties:
- to ensure that investments are suitable
- to take account of the settlor's wishes
- to ensure fairness between beneficiaries
- to monitor investments
- not to hoard cash
- to take account of tax requirements
For the majority of trusts one of the easiest ways of ensuring compliance with the Trustee Act 2000 requirements is to take advice from professionals who specialise in trust investment.
The Financial Services team works closely with our Wills and Trust team and provides trustee investment planning advice to a large number of trustees. As Independent Financial Advisers who have many years experience of dealing in this area, we are well placed to provide the expertise on investment and the support trustees require.
Pannone is authorised and regulated by the Financial Services Authority.
Trustee investment planning
To arrange a discussion with a Pannone Independent Financial Adviser (IFA) click here or call us on 0800 840 4929. We are available to take your call twenty four hours a day, seven days a week.
