FCA calls for power of attorney to be granted online

The FCA have stated that power of attorney should be granted online to make it easier to apply. The regulator said: “We would like to see the OPG and other authorities in the devolved administrations develop more customer-friendly approaches to setting up, registering, storing and understanding Lasting Power of Attorney”. However, lawyers have warned that the move would put older people at higher risk of fraud. A helpline for elderly people, Action on Elder Abuse, has found that each year more than 160,000 over 65s are victims of financial abuse.

The Telegraph    The Sun, Page: 9

Posted 22/09/2017