Investment and Delegation

Lauren Kegg
Mind Map by Lauren Kegg, updated more than 1 year ago
Lauren Kegg
Created by Lauren Kegg almost 5 years ago
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2

Description

Mind Map on Investment and Delegation, created by Lauren Kegg on 03/03/2015.

Resource summary

Investment and Delegation
1 1.Source of trustee's powers
1.1 Trust instrument
1.1.1 TRUSTEE ACT 2000
1.1.1.1 Case law
2 2. Trustee overarching duties
2.1 Primary fiduciary duty to beneficiaries
2.1.1 Act in good faith
2.1.1.1 BRISTOL & WEST BUILDING SOCIETY V MOTTHEW
2.1.2 Do not allow personal interests to conflict their duty
2.1.2.1 BRAY V FORD
2.1.3 Not derive personal benefit from being trustee
3 3. Core Duties in investment
3.1 Bring trust fund under their control and possession
3.1.1 RE FLOWER
3.2 Act prudently
3.2.1 SPEIGHT v GAUNT, LEAROYD V WHITELY
3.3 Act even-handedly between beneficiaries
3.3.1 LLOYDS BANK V DUKER
3.4 Act in best interests of beneficiaries at all times
3.4.1 COWAN V SCARGILL
3.5 Manage a controlling interest
3.5.1 RE LUCKING
3.6
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