 The Act covers five areas of trust law : the duty of care imposed upon trustees , trustees ' power of investment , the power to appoint nominees and agents , the power to acquire land , and the power to receive remuneration for work done as a trustee . It sets a new duty of care , both objective and standard , massively extends the trustees ' power of investment and limits the trustees ' liability for the actions of agents , also providing for their remuneration for work done in the course of the trust . 
