Statistics for Equity: Trustee Powers (Investment)

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General Stats
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General Stats

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Answer Stats

Hint	Answer	% Correct
S.5 of the Trustee Act 2000	Advice rules	0%
Relevant factors	Age and type of beneficiaries	0%
S.8 of the Trustee Act 2000	Allows land investments	0%
Four points raised in this case	Avoid all investments that are attended with risk	0%
Regard for...	Diversification of investment	0%
What should a trustee seek advice for?	Diversifying investments S.5(2)	0%
S.3 of the Trustee Act 2000	General power of investment	0%
What case rationalised this?	Harries v The Church Commissioners for England [1992]	0%
Who made the statement, 'Any lawyer who failed to include wider investing powers... would be guilty of professional negligence'?	Lord Goodhart	0%
Four points raised in this case	Must not choose investments the trust instrument doesn't allow	0%
What case endorsed this?	Nestle v National Westminster Bank [1993]	0%
What is defined in S.5(4)?	Proper advice	0%
Four points raised in this case	Ratio of income:capital considered	0%
Four points raised in this case	Regard for interests of those entitled to income and future ones	0%
Case for where duty to invest derives?	Re Wragg [1919]	0%
What is the 'Portfolio Theory'	Should look at whole rather than individual investments	0%
Case that put forth a trustee would not be liable if he acted as the prudent man in the regular course of business?	Speight v Gaunt (1883)	0%
S.4 of the Trustee Act 2000	Standard Investment Criteria	0%
Relevant factors	Structure of trust	0%
Regard for...	Suitability of investment	0%
What act limited investments to two categories?	Trustee Investment Act 1961	0%
Relevant factors	Value of fund	0%
What should a trustee seek advice for?	When exercising power S.5(1)	0%
When should a trustee limit investments due to ethics	When it can be proved to be as good as or better than unethical one	0%
When does the exclusion apply?	When trustee themself has knowledge or expertise S.5(3)	0%