Law Society welcomes OPG’s decision to amend guidance on investment by attorneys

Article summary

The Law Society of England and Wales welcomes the Office of the Public Guardian (OPG)’s decision to amend guidance on the requirement to include an express provision for managing investments via a discretionary investment provider within a financial lasting power of attorney. This change is said to ensure that attorneys can manage funds via a discretionary management fund (DMF) without the express approval from the Court of Protection. The decision follows the OPG’s discussions with practitioners such as members of the Law Society’s Mental Health and Disability Committee and its Wills and Equity Committee.