LCRO 40/2023 DG v [Area] Standards Committee [X] (13 March 2024) [pdf, 497 KB]
...firm advised that the applicant would raise with the Partner his retirement from the trustee role. [72] The matter was clearly expressed in that way because the applicant could not unilaterally retire. The retirement of trustees is governed by s 101 of the Trusts Act 2019. Trust B had two trustees (the Partner and the applicant) and the trust deed did not give any person the power to remove trustees. [73] In those circumstances, the applicant could retire only if the Partner, as t...