Author: Tony Sherring (1999)

Tony Sherring is a well-known speaker and author on trust related topics.
He was a found member of the Society of Trust and Estate Practitioners
(taken from Issue No 4 – December 1999)

In recent years trustees have become more concerned about their responsibility for their investments. As a result quite a number of trustees have found ways of delegating some of their responsibilities, perhaps to an investment manager. This seems reasonable enough because very few trustees have the necessary expertise to assemble and review a reasonable portfolio of equity investments. They have to be advised by a broker and from there it is a short step to delegating their investment management whilst retaining their supervisory function. Not every trust can do this. If the powers are not there in the trust instrument an application to the Court would be necessary to add them.