Trustees Act 1967 · 2020 Revised Edition · Part 2 · Investments
4. General power of investment
Feedback & supportLast amended by an amending law of 2012.
Subject to the provisions of this Act —
a trustee may make any kind of investment that the trustee could have made if the trustee were absolutely entitled to the assets of the trust; and
without limiting paragraph (a), a trustee may —
invest any funds in the trustee’s hands, whether at the time in a state of investment or not, in any manner specified in Part I, II or III of the First Schedule in force immediately before 15 December 2004; and
from time to time vary any such investment.
For the purpose of subsection (1), “investment” includes investment in assets that do not yield any income.
This section applies in relation to trusts whether created before, on or after 15 December 2004.