Alison Morris: Discretionary investment management and LPAs explained

'Welcome news'

clock • 3 min read
Alison Morris: "Happily, a press release issued on 14 March 2022 has confirmed that the OPG has agreed to change its guidance. From now on, an attorney will be able to make use of a DFM even if the LPA or EPA does not include a DIM clause."
Image:

Alison Morris: "Happily, a press release issued on 14 March 2022 has confirmed that the OPG has agreed to change its guidance. From now on, an attorney will be able to make use of a DFM even if the LPA or EPA does not include a DIM clause."

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....

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