Government announces consultation on MCA Code of Practice

Government announces consultation on MCA Code of Practice

The government is consulting on the proposed changes to the Mental Capacity Act 2005 MCA Code of Practice which includes guidance on the new Liberty Protection Safeguards LPS system The consultation is also seeking views

Pension withdrawals soar by 20% in 2021

The latest flexible payments from pensions data has been released Commentary for Personal and Stakeholder Pension Statistics September 2021 8211 GOV UK www gov uk Data shows that £8 3bn was flexibly withdrawn from pensions

HMRC publish Cryptoassets manual

Latest HMRC data reveals that IHT receipts for the period April 2021 to February 2022 now stand at £5 5bn £0 7bn higher than the same period last year In its latest report HMRC has

Legal profession marks Neurodiversity Celebration Week

Solicitors in England and Wales will mark the start of Neurodiversity Celebration Week which challenges stereotypes and misconceptions about neurological differences Law Society president I Stephanie Boyce said I am pleased to mark the start

Investment by attorneys in discretionary management schemes clarified

News the Office of the Public Guardian OPG has agreed to change their guidance on the need to have express provision for the management of investments via a discretionary investment provider within a financial Lasting

The Institute of Legacy Management has announced details of its Annual Conference in association with Bates Wells on 6 May 2022 The conference will include the usual topical mix of news views and discussion in

Government unveils plans to expand legal aid eligibility

A consultation on the legal aid means test was launched by the UK government earlier this week 15 March The Law Society of England and Wales has welcomed the proposals to expand legal aid eligibility

Contentious probate services "more than doubled", report finds

According to the latest IRN Research report UK Wills Probate amp Trusts Market 2022 Market Trends the wills trusts and probate market passed the £2 0 bn mark for the first time in 2021 and

Legacy income

Public appetite for legacy giving has hit a new height with almost one in five UK charity donors choosing to leave a gift in their Will 19 up from 14 in 2013 A further 10

Women in Wills

Women in Wills in partnership with Today s Media has been a recognised platform for championing and supporting women in the sector since it was first founded just a few years ago So what better

Law firm JMW reports 72% spike in inheritance disputes 

Law firm JMW Solicitors has seen a circa 72 rise in Inheritance Act claims in 2021 as relatives quarrel over much smaller sums of money Partner Alison Parry has warned of the need to take

Today's Wills and Probate

Today s Wills and Probate has a new look The website and newsletter have been redesigned and launched this week as part of the wider rebranding of Today s Media and its publications Alongside Today

40% of funeral plan providers yet to submit for FCA regulation

From 29 July 2022 the Financial Conduct Authority FCA will regulate funeral plan providers following a change in the law Despite the announcement by the FCA however over 40 of previous providers are yet to

The Institute of Paralegals launches diversity and inclusion survey

The Diversity and Inclusion Panel has launched a survey on behalf of the Institute of Paralegals to inform research and enable a greater understanding of the make up of non regulated legal service providers in

Clients want an "always on" service, research reveals

New research from wealth manager Charles Stanley reveals that advisers are faced with providing a growing always on service as clients demand more support outside of the traditional 9 5 The research shows that a

The Voice singer, Bo Bruce, wins £2 million inheritance dispute

A court ruling over an inheritance dispute between aristocratic pop singer Bo Bruce Lady Catherine Anna Brudenell Bruce and her brother Thomas Viscount Savernake has been announced deciding the outcome of their £2 million inheritance

HMRC publish Cryptoassets manual

Latest HMRC data reveals that IHT receipts for the period April 2021 to January 2022 were £5bn £0 7bn higher than the same time last year Inheritance tax receipts for April to November 2021 were

Third of over-55s will use equity release to boost retirement

New research from Canada Life reveals that a third 30 of UK home owners aged 55 and over with defined contribution pension savings are planning to release equity from their homes to boost retirement income

HM Courts and Tribunals Service HMCTS has updated its guide for those who want to store their will or codicil with HMCTS The guide can be used to understand How to store a will or

The Legal Ombudsman has launched a consultation on proposals to reduce the timeframe in which clients can make complaints about solicitors Currently complaints are permitted within six years of a mistake or within three years

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