Reform in these areas had been advised as early as 1982, and finally came about through the Trustee Bill 2000, based on the Law Commission's 1999 report "Trustees' Powers and Duties", which was introduced to the House of Lords in January 2000.
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This does little more than restate what is given in the Trustee Investments Act 1961, however, and this provision has been criticised for not defining "suitable".
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Further papers were published on similar areas in 1997 and 1999, and finally the Trustee Bill 2000 was introduced to the House of Lords in January 2000, implementing the proposals laid out in the Law Commission's 1999 report "Trustees' Powers and Duties".
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This is far looser than the previous provisions, which were contained in the Trustee Investments Act 1961.
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