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CELE SQE1 模拟练习

Examination Timing: 00H00M52S

Sophie is a trustee subject to the Trustee Act 2000. She has approached you for advice relating to the investment of the trust fund, which consists of £500,000 in cash. Which of the following statements best describes Sophie's obligations under the Act?

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You have chosen the correct answer
Your selected option: D

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The correct answer is D. Under the Trustee Act 2000, trustees are given a general power to invest the trust property as though they were the absolute owner. This means Sophie has the authority to invest the trust fund without needing permission from the beneficiaries, but she must exercise the statutory duty of care. This duty requires her to consider the suitability of investments and the need for diversification. Sophie must act prudently, ensuring that she is neither too cautious nor reckless in managing the trust's investments. 


Key Point: Trustees have a general power to invest trust funds under the Trustee Act 2000, but they must adhere to the statutory duty of care, ensuring investments are suitable and appropriately diversified.

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