The following Private Client practice note provides comprehensive and up to date legal information covering:
Solicitors are not generally involved in the actual determination of where a client should invest and must be careful not to give financial advice to clients unless they are regulated to give such advice by the Financial Conduct Authority (FCA). It will be appropriate in most cases for clients to seek professional independent advice from a financial adviser. Such advice will help the client to define their investment objectives, which will involve identifying their actual income requirements and balancing this with their desire to protect their capital and also identifying their risk profile. Nevertheless, there is no reason why a solicitor should not help a client by describing the various investment opportunities without recommending any particular one.
Additionally, a solicitor may well have the responsibility as an attorney or deputy in administering the assets/investments of a person. Some broad understanding of the available opportunities, particularly if they come as a recommendation from a third party, is essential so that a decision based on needs and objectives, as well as risk factors, can be thoroughly explored. For further guidance on investing for someone as their attorney or deputy, see Office of the Public Guardian guidance Investing for someone as their attorney or deputy and Practice Note: Funds in court and investments on behalf of a protected person.
The elderly client may be approaching retirement or actually retired.
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
This Practice Note looks at CE-File electronic working in the courts under CPR PD 51O, in the context of case management. It provides guidance on how to file a document electronically, deal with rejected electronic filings, issue a claim electronically, file electronic bundles (eBundles) for case
Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
A certificate of title (also known as a certificate on title) is a particular species of report on title.When solicitors are instructed to investigate title to land (for instance, when land is being acquired or offered up as security), they will write a report on title for their client, which sets
Case number [insert number][In the principal registryORIn the [insert court location] FAMILY court]Sitting at [insert place]Notice of actingBetween[insert petitioner name]Petitionerand[insert respondent name]RespondentTake notice that we [insert name of firm] have been appointed to act as the
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.