Delicate conversation: Why putting LPAs in place for clients matters

Suggesting that a client consider putting a lasting power of attorney (LPA) in place can be a delicate matter. However, advisers should not shy away from having more difficult conversations with their clients.  A decline in mental capacity or a disinclination to continue with the complexity of the administration of routine financial transactions are all motivators to put one in place, as well as general common sense. With an increasing number of clients entering pension drawdown (either remaining in capped drawdown or moving to flexi-access drawdown) or using their uncrystallised fund...