Trust Law and the Role of the Trustee in the Isle of Man
Professional Development
Overview
This course provides a comprehensive understanding of trust law and the role of trustees in the Isle of Man. Participants will explore the historical development of trust law, key legislation, types of trusts, and the duties and responsibilities of trustees. The course also addresses common challenges faced by trustees and best practices for effective trust management. Through practical examples, attendees will gain insights into real-world applications of trust law and trustee duties.
This course forms part of the 2025 ACSP CPD Programme
Suitable for
Participants working in fund administration and corporate service administration with trustee administration responsibilities as well as individuals serving as trustees or considering take on trustee roles.
Online classroom
This course will be delivered via Teams.
ACSP Members
ACSP Members pay £50 per session.
For bulk bookings please email the PD team, who can arrange a discount. This applies to bookings of 5+ delegates onto a single course or for booking 5+ courses in one go.
Non-members pay £75 per session.
How to book
Employees of corporate member firms should use their corporate email address when booking.
During the booking process, Non-members will need to select the ACSP Non-member pricing level.
Once BPP has received your booking we will send you confirmation along with full joining instructions.
This course has already run and a new date has not yet been scheduled. Please contact us to register your interest.
Session content
- Introduction to Trust Law: Historical background and key legislation (Trusts Act 1995, Purpose Trusts Act 1996, Recognition of Trusts Act 1988).
- Role and Duties of Trustees: Fiduciary duties (care, loyalty, impartiality) and administrative duties (record keeping, reporting, compliance, investment management).
- Trustee Challenges and Best Practices: Managing conflicts of interest, regulatory compliance, effective communication, and continuous education.
- Practical Examples: Practical examples of discretionary trusts, charitable trusts, and trusts facing regulatory challenges.
Learning outcomes
Having attended this course, delegates will:
- Understand the regulatory framework of trust law in the Isle of Man.
- Be able to identify and manage different types of trusts and their specific requirements.
- Be able to fulfil trustee duties with a focus on fiduciary and administrative responsibilities
- Be able to address common challenges faced by trustees and implement best practices.
- Be able to apply knowledge through practical examples to real-world scenarios.
Heather-Anne Hubbell
Heather-Anne Hubbell is a tax and risk specialist with an extensive legacy in financial services, strategic planning and governance who designs and delivers directors and company secretary training based on her experience as a director and company secretary and on working with global financial institutions and their directors’ responsibilities.
She has an LLB from Western Ontario and an LLM from Osgoode Hall Law School in Toronto.
Heather-Anne now provides risk, governance and strategic transformation services to a range of international clients, as well as running a number of businesses in the UK and Channel Islands.
ACSP membership
The ACSP was formed on 25 June 1999 with the primary objective of serving as the representative body for fiduciary, corporate management, and administration service providers in the Isle of Man. As well as representing our members on committees and steering groups, we aim to facilitate the best quality training and development courses in partnership with leading industry professionals.
* Members pay £50 per session, while Non-members pay £75 per session.