Which of the Following Statements Is Most Accurate

question 10

Multiple Choice

Which of the following statements is most accurate?

• A) The Trustee Act 2000 does not permit trustees to delegate their powers to select investments, it only allows them to delegate the administrative functions of buying and selling.
• B) The Trustee Act 2000 permits trustees to delegate the exercise of all investment functions, including deciding on the suitability of individual investments and the administrative functions of buying and selling those investments.
• C) The Trustee Act 2000 refers to the possibility of trustees delegating their asset management functions. It does not permit trustees to delegate decisions about the suitability of individual investments.
• D) The Trustee Act 2000 deals with the duties of trustees, not their investment powers. Trustees' powers of investment are contained in the Trustee Investment Act 1958 as amended.

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