The number of investigations into the use of power of attorney has increased by 45% in 12 months, according to figures from the Office of the Public Guardian. Here, Royal London outlines three key points advisers can share with clients who are acting on behalf of someone else
The number of investigations into people with power of attorney has increased 45% (to 1,729 in 2017/18) signalling a need for increased education as to what is and is not allowed, according to Royal London. The number of investigations by the Office of the Public Guardian (OPG) stood at 1,199 in 2016/17 but shot up during the following 12 months, according to a freedom of information request from the provider. The mutual explained power of attorneys allow people to appoint someone to make decisions on their behalf should a time come when they lack the mental capacity to do so themse...
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