57 Investment advice

The Trustee Act 2000 restates some of the main principles in the Trustee Act 1961. In particular it requires trustees to obtain and consider ‘proper advice’1 before exercising any investment power unless they consider it unnecessary to do so2. It sets out ‘standard investment criteria’3 which trustees are required to apply in deciding how to invest trust funds. It also requires trustees to review the investments from time to time in accordance with the standard investment criteria4.These provisions are modified in relation to social investments under the Charities (Protection and Social

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