§ Lord O'Hagan
asked Her Majesty's Government:
What purpose is served by the continued existence of the Public Trustee.
The Lord Chancellor
The Public Trustee acts as an executor, trustee and custodian trustee where appointed. He frequently acts as a trustee of last resort and may not refuse a trust solely on the grounds of its small value. He also manages the common investment funds and administers pension, friendly society and disaster funds.