Banks v Goodfellow test is still the relevant test for mental capacity over a hundred years on
A landmark inheritance case that went all the way to the High Court confirms that the correct test for mental capacity, when making a will or looking to contest one, is that in the 1870 case of Banks v Goodfellow and not the subsequent test set out in the Mental Capacity Act 2005. Following the […]
FCA publishes consultation on pension transfers
The Financial Conduct Authority (FCA) has today published a consultation paper on proposed changes to its pension transfer rules, designed to reflect the Government’s new flexible pensions regime. The FCA already regulates advice on transfers to personal pensions. The Government’s new regime will bring advice on transfers from defined benefit (DB) schemes to occupational defined […]