Trustee Investment

A key message for trustees is that they should take professional investment advice. Our Trustee Investment Service has been designed for trustees to provide them with a well-thought-out investment philosophy and strategy that works.

Our investment philosophy is simple, and our strategy is affordable: our approach is passive (rather than active) and benefits from lower cost, highly diversified funds, to achieve market returns.

We can work with an existing trust or create a new one from scratch – it does not have to be complicated – we will still ensure it is suitable for you and the beneficiaries.

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The Benefits to You

Peace of Mind
Remove Uncertainty
Diversified Investments
Ongoing Suitability

Trustees have always had a duty of care towards the trust beneficiaries. However the Trustee Act 2000  put certain duties in connection with trustee investment on statutory footing and also introduced certain duties which require trustees to be more pro-active and ensure that the duties imposed on them by law or the terms of the trust are carried out.

The main responsibility of trustees are:

  • A duty of care where the trustees act in the best interests of the beneficiaries and within  the terms of the trust.
  • Have regard to the standard investment criteria, which mentions that trustees should when appropriate use a spread of investments and ensure the investments are suitable and the need to produce an appropriate balance between income and capital growth to meet the needs of the trust.
  • A duty to obtain and consider proper advice and to keep the investments of the trust under review. The requirement to obtain advice does not apply if the trustees reasonably conclude that in all the circumstances it is unnecessary or inappropriate to do so. This may cover a case where, for example, the trust fund is small and the cost of advice would outweigh the benefit of it or if the trustees are suitably qualified and can provide this advice at reasonable cost.

Other duties can include, keeping records and accounts, investing assets in a prudent manner and distributing the trust assets when required. Our ongoing trustee service can help you ensure you meet many of your duties as a trustee.

Trusts can be complex however we have the experience in dealing with a wide variety of trusts including:

  • Discretionary and Interest in possession Will trusts.
  • Discounted gift trusts & Loan Trusts
  • Trustee investments for SSAS and defined benefit pension schemes.

Small Self-Administered Pension Schemes and Defined Benefit Pension Schemes are not regulated by the Financial Conduct Authority. Not all Estate and inheritance Tax planning solutions are regulated by the Financial Conduct Authority.

 

What is the cost for this service?

Our Trustee Investment Service has an initial cost of £1,500 and a minimum ongoing charge of £1,000 PA. More details can be viewed at the below link.

More Information

 

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