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General Power of Investment in United Kingdom

Definition of General Power of Investment

In accordance with the work A Dictionary of Law, this is a description of General Power of Investment : A power, introduced by the Trustee Act 2000, that allows a trustee to make any kind of investment that he could make if he were absolutely entitled to the assets of the trust fund. Previously, trustees were only permitted to make certain *authorized investments. This much wider general power of investment may be expressly excluded in the trust instrument. There are still some restrictions on investments in land. In exercising the general power of investment, the trustees are required by the Act to consider criteria relating to the suitability of the proposed investment to the trust and the need for diversification of investment within the unique circumstances of the trust. Trustees are also required by the Act to review the investments from time to time with the same standard criteria in mind. Before investing, the trustee must obtain and consider proper advice, unless he reasonably considers it unnecessary or inappropriate to do so.

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(2015, 02). General Power of Investment lawi.org.uk Retrieved 07, 2021, from https://lawi.org.uk/general-power-of-investment/

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"General Power of Investment" lawi.org.uk. lawi.org.uk, 02 2015. Web. 07 2021. <https://lawi.org.uk/general-power-of-investment/>

"General Power of Investment" lawi.org.uk. 02, 2015. Accesed 07 2021. https://lawi.org.uk/general-power-of-investment/

Agostino Von Hassell, 'General Power of Investment' (lawi.org.uk 2015) <https://lawi.org.uk/general-power-of-investment/> accesed 2021 July 29

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Schema Summary

  • Article Name: General Power of Investment
  • Author: Agostino Von Hassell
  • Description: Definition of General Power of Investment In accordance with the work A Dictionary of Law, this is a description of General [...]

This entry was last updated: February 12, 2015


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