Oak Wealth Planning, Independent Financial Planning

Trusts & Charities

Trusts

The investment of trust property is one that requires a specific approach. Whether it be set income or growth targets or restrictive constraints for consideration, each trust will have been created with a particular purpose and set of objectives. Hence trustees will have to carefully consider the approach taken with the funds.

As trustees the following statements in relation to the Trustee Investment Act 2000 will of course be familiar to you:

  • Before exercising any power of investment, a trustee must obtain and consider proper advice about the way in which, having regard to the standard investment criteria, the power should be exercised.
  • When reviewing the investments of the trust, a trustee must obtain and consider proper advice about whether, having regard to the standard investment criteria, the investments should be varied.
  • Proper advice is the advice of a person who is reasonably believed by the trustee to be qualified to give it by his ability in and practical experience of financial and other matters relating to the proposed investment.

Most responsible trustees would agree that whether required under legislation or not it is good practice to adhere to this guidance.

The value of investments can fall as well as rise. You may get back less than you invested.

Providing trustees with advice and planning strategies is a service that Oak Wealth Planning offer. Whether it be to ensure that your trust meets its legislative requirements or you simply want to consider an investment approach to maximise the potential for the trust funds call us to discuss your requirements on 01234 888825.

Charities

Charities which are corporate bodies (of which the most common are charitable companies) have a legal identity and can hold investments in their own name.

Charities will appoint trustees to manage the charity's investments. When managing a charity's investments, trustees must act to certain standards as defined in the Trustee Act (see our Trust section of our website to see some of the core responsibilities for trustees when investing).

Most charity trustees decide on an investment policy for their charity and keep it under regular review. Without an investment policy, trustees are likely to find it difficult to demonstrate that they are making good use of the charity's funds.

Therefore many charity trustees will consider it best to place the management of the charity's investments in the hands of a specialist.

The value of investments can fall as well as rise. You may get back less than you invested.

Providing trustees with advice and planning strategies is a service that Oak Wealth Planning offer. Whether it be to ensure that your trust meets its legislative requirements or you simply want to consider an investment approach to maximise the potential for the trust funds call us to discuss your requirements on 01234 888825.

Services

Oak Wealth Planning offer a range of financial services for different types of clients. We ensure that the advice we offer for people in different circumstances is sound, accurate, and educated.

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