Under section 5 of the Trustee Act 2000, before investing and when reviewing the investments, the trustees must obtain and consider 'proper advice' as to whether the investment meets the standard investment criteria.

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This statement is true. Section 5 of the Trustee Act 2000 requires trustees to obtain and consider proper advice before investing and when reviewing investments. One of the factors they need to consider is whether the investment meets the standard investment criteria.

Under Section 5 of the Trustee Act 2000, Before Investing