The trustees of a trust scheme1 must exercise their powers of investment in accordance with regulations2 and in accordance with the following provisions, and any fund manager3 to whom any discretion has been delegated4 must exercise the discretion in accordance with regulations5.
Before investing in any manner6 the trustees must obtain and consider proper advice7 on the question whether the investment is satisfactory having regard to the requirements of regulations so far as relating to the suitability of investments and to the principles contained in the statement of investment principles8. Trustees retaining any investment must determine at what intervals the
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234