The Office of the Public Guardian (OPG) has launched a 12-week consultation today with a view to reforming the process of creating and registering a lasting power of attorney (LPA).

Often people think about putting in place Lasting Power of Attorney for an elderly relative. Although it is something we talk to clients about all the time, I’m writing this article now having seen two high profile cases in the press in recent weeks which underline the vital Financial Planning importance of Power of Attorney.

A Chartered Financial Planner has discovered that 1.8m people are eligible for a refund from the Ministry of Justice for registering Powers of Attorney.

FCA chief executive Martin Wheatley has voiced concerns about abuses of Power of Attorney potentially "spiralling" out of control and adversely affecting vulnerable clients. Read more...