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Hot Topic EARNINGS
Hot Topic EARNINGS
On the Money
4 mins to read

Personal liability a key factor in trustee investing

ANALYSIS: A reminder that trustees can be personally liable for breaching their duty to invest prudently, diversely.

‘Trust portfolios should be properly diversified – probably over different asset classes and certainly within each asset class.’

In my last column, we looked at investment best practice from a legal perspective and highlighted the duty of trustees to be more cautious and take less risk than if they were investing in a personal capacity.

One of the big take-aways from this important obligation is that trust portfolios should

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Brent Sheather Sun, 29 Oct 2023
Contact the Writer: brent@cpam.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Personal liability a key factor in trustee investing
On the Money,
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