Scarlett Musson: What's the most important item in your business toolbox?

Consider lasting powers of attorney

clock • 4 min read

It is well worth being familiar with the purpose and benefits of the LPA, argues Scarlett Musson, even if it might not be the first thing advisers think of when stocking their financial services toolbox

The answer to the question posed by this article's headline is probably the same as that for a real toolbox - in other words, it depends on the task at hand. What is important is having a broad enough kitbag to be able to choose the right tool for the job. What do we do when we encounter a problem we cannot fix, though? Even Nick Knowles has his limits, and any amount of DIY cannot correct some emergencies. For those scenarios, we might look to insurance to put things right, but what if we come across a scenario where no amount of planning can fix the issue - because you can no longer im...

To continue reading this article...

Join Professional Adviser for free

  • 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 Your profession

Feel Good Friday: Castlefield partner expands not-for-profit refill hubs across Cheshire

Feel Good Friday: Castlefield partner expands not-for-profit refill hubs across Cheshire

Project run by Eco Communities

Professional Adviser
clock 15 May 2026 • 1 min read
Closing the advice gap: The case for attitudinal targeted support

Closing the advice gap: The case for attitudinal targeted support

TISA’s Sophie Legrand-Green on a ‘significant’ way to influence consumer behaviour

Sophie Legrand-Green
clock 14 May 2026 • 4 min read
Women in Financial Advice Awards 2026: All the nominations!

Women in Financial Advice Awards 2026: All the nominations!

More than 1,150 women from 450 firms were nominated for WIFA 2026

Professional Adviser
clock 14 May 2026 • 29 min read