HL Deb 20 October 1981 vol 424 c747WA
Lord Wakefield of Kendal

asked Her Majesty's Government:

What are the qualifications of the Charity Commission to give advice to trustees of charitable trusts who seek advice upon what is prudent or imprudent in matters of investment.

Lord Belstead

Under Section 1 of the Charities Act 1960 the Charity Commissioners have the general function of promoting the effective use of charitable resources by,inter alia, giving charity trustees advice. The Commissioners inform me that advice given to trustees who ask for guidance on investment necessarily depends on the particular circumstances, including the powers of the charity in question, but is generally based on the Commissioners' experience in financial matters, their contacts with the financial world, and all the other sources of information available to them.