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Onus on trustees to act prudently
Hamish Pryde • Nov 21, 2012
- Consider the best interests of each beneficiary - not just those who are trustees.
- Trustees must clarify the scope of their investment powers.
- Failure to balance income yield and capital appreciation
- Failure to obtain adequate information and advice
- Failure to diversify
Sourced from Duncan Cotterill - Lawyers
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