Demand for wealth transfer advice expected to increase over next three years
Almost three in four (71%) advisers anticipate the demand for wealth transfer advice to increase in the next three years, according to recent research from M&G Wealth, conducted by NextWealth. In the face of the pandemic, three in five (59%) financial advisers also say that demand for wealth transfer advice has increased over the last […]
Vikings, socks and fireworks: the strangest of clauses
A recent LinkedIn post surrounding a sock collection has sparked a discussion amongst practitioners over the strangest clauses they have been asked to draft. The author of the post, solicitor Andrea Ashton, said: “I have just taken instructions from a client who would like to leave ‘his sock collection’ to a beneficiary in his Will!” […]
Amy Holmes appointed as Public Guardian
Amy Holmes has been appointed as the new Public Guardian for England and Wales and Chief Executive of the Office of the Public Guardian. Amy Holmes, currently Domestic Affairs Director in the Economic and Domestic Secretariat at the Cabinet Office, will take over the role of Public Guardian and Chief Executive of the Office of […]
Equity release now supplementing pensions by 181%
New research from mortgage broker, Henry Dannell, has revealed how the average homeowner utilising equity release via Later Life mortgages is able to supplement their income by a fifth, while it can also bring about a boost to the average pension pot by as much as 181%. Equity release is a popular method for those […]
Law Society: vulnerable “must be protected” as key guidance changed
It is vitally important that people who may not have capacity to make decisions about their care do not lose essential protections, the Law Society of England and Wales said in its response to the UK government’s consultation on proposed changes to the Mental Capacity Act 2005 (MCA) Code of Practice. Law Society president I. […]
Co-op Legal Services launches new digital LPA service
Co-op Legal Services, the UK’s largest regulated provider of wills, estate planning and probate services has launched a new digital lasting power of attorney (LPA) service meaning that users can secure this important legal documentation quickly and efficiently online and the donor can also include detailed guidance for their attorney on a range of issues […]