The Office of the Public Guardian (OPG) has agreed to change its guidance on express provision for the management of investments via a discretionary investment provider within a financial lasting power of attorney (LPA).
This news was welcomed by the Law Society of England and Wales.
The move is a positive step, as it will mean those acting under an LPA for a loved one will avoid unnecessary expense and bureaucracy.
Law Society president I. Stephanie Boyce said: “I am delighted the OPG has decided to amend its guidance on how attorneys can invest on behalf of those for whom they’re appointed.
“It’s in everyone’s interests to avoid the cost of an unnecessary court application.”
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