Discretionary investment management and LPAs explained

7 April 2022 / Insight posted in Tax

Welcome news came in mid-March when the Office of the Public Guardian (OPG) agreed to change its guidance, meaning it is no longer crucial to include a discretionary investment management (DIM) clause in an LPA or EPA. Moving forwards, attorneys can make use of a DFM even if the LPA or EPA is without a DIM clause.

Alison Morris, Partner in our Legal team, writes an article for Professional Adviser looking at lasting power of attorney rules in relation to discretionary investment management and highlights the good news for advisers.

Full article here. Subscription needed.