Canada Life reveals that Lasting Power of Attorney (LPA) registrations fell by 26.5% in 2020-21 as lockdown measures are believed to have made the paper-based process outdated. Following a freedom of information request submitted by
Plans to make it easier for pension schemes to access investments which can offer greater returns to savers have been outlined by the Department for Work and Pensions. The proposals will to allow automatic enrolment
STEP has published a new report, “Meeting the needs of modern families”[1], sponsored by TMF Group, to gather insight about the families that STEP members advise and what their wealth and succession planning needs are.
A new report on inheritance planning reveals that more than two-thirds of UK adults plan to share their wealth equally among their children. Research conducted by investment management company Charles Stanley shows that 68% of
The Association of Accounting Technicians (AAT) has provided a response to the Ministry of Justice proposal, “Aligning the Fees for Grants of Probate to Cost Recovery”. AAT says that it supports the proposed increase in
New laws giving enhanced powers to trustees to block or pause pension transfers to help avert potential scam activity came into force yesterday. Under the changes brought about by the Pension Schemes Act 2021, providers
A solicitor has been suspended for nine months for registering a piece of probate work at 529 hours rather than the actual time taken to complete it, thought to be in the region of 15
New government legislation has been introduced to protect people’s smart devices from being hacked. The Product Security and Telecommunications Infrastructure Bill will give ministers new powers to bring in tougher security standards for device makers,
Solicitors Regulation Authority (SRA) leaders have commented they have no plans to reform the indemnity insurance market. Delegates at the SRA’s recent compliance conference raised the issue of increasing premiums, saying that price hikes will
Politicians in Jersey have voted to approve the principle of legalising assisted dying. A debate on the subject of assisted dying was initiated after 78% of the citizens’ jury, made up of Jersey islanders, ruled
Boris Johnson has succeeded in MP backing of his social care cap for England, despite opposition from within the Conservative party. The government has won a vote in the House of Commons, with a majority
New STEP research shows dramatic increases in modern, complex families seeking wealth and succession planning advice. Nearly two thirds (63%) of wealth and succession planning advisors say that complex, cross-border, mixed-ethnicity and cohabiting families now
Newly published research from Legal & General uncovers the UK’s changing attitude towards will writing. The report, which surveyed 2006 respondents in October, reveals that the COVID-19 pandemic has significantly impacted people’s attitudes towards, and
New analysis from Legal & General Finance reveals that nearly half of homeowners in England and Wales could access more funds from property wealth than the average pension pot. The report, which analysed local house
The SRA has announced proposals to end the provision of post six-year run-off cover (PSYROC), because the protection is thought to be disproportionately expensive. If effective, this means that the Solicitors Indemnity Fund (SIF), which