Alison Morris: Discretionary investment management and LPAs explained

'Welcome news'

clock • 3 min read

Lawyer Alison Morris looks at lasting power of attorney rules in relation to discretionary investment management and highlights some good news for advisers...

In a fast-moving world with so many different investments available for which decisions need to be taken quickly, it is usual for investors to trust their financial advisers to appoint investment managers. Clients are happy as they do not have to deal with day-to-day investment decisions and are kept updated by receiving regular investment reports. What happens though if the client loses mental capacity? Who then is allowed to authorise the financial advisers to deal with their client's investments? If there is a Power of Attorney (POA) in place, then attorneys appointed under an E...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Estate planning

Emily Deane: "Digital assets include everything from email and social media accounts, digital memories and collectibles, to cryptoassets and smart contracts."

Factoring digital assets into the estate planning process

Useful tools for advisers looking to demonstrate tech savviness

Emily Deane
clock 19 October 2022 • 3 min read
PA360 North: Estate planning a 'massive opportunity' for advisers

PA360 North: Estate planning a 'massive opportunity' for advisers

'Help clients gain clarity on where they want their wealth to go'

Julia Bahr
clock 05 October 2022 • 2 min read