Pensions  

Your Shout: Letters to the editor

Financial Adviser Letters

Financial Adviser Letters

New minister, same problems

With reference to the appointment of Thérèse Coffey to the role of work and pensions secretary (9 September), I would like to add that among a raft of other issues, it is my hope that she understands the injustice of the 1950s women’s state pension age changes.

If she is merely intent on spouting the usual DWP garbage then she will have 3.8m very unhappy women knocking at her door.

The result of the judicial review is due at any time, and the impact of this will be immense. It cannot but find that an injustice has been done to us and at last the parliamentary ombudsman will also have to make a decision.

We are not going away.

Bridget Green

 

Useful information

Firstly I would like to thank you for the article “Five things to watch when setting up an LPA” into lasting powers of attorney (September 10) and offering well set-out, and easy to read advice to customers.

More information in the area is vital and in my opinion lacking in the current media, especially with an ageing population and an increase in Alzheimer’s and dementia. 

However, while giving insights into what people can do with their LPA’s, there is no information on the pitfalls of what is being suggested, which I think should go hand-in-hand when giving advice.

For instance, in section 2, “Structure of the LPA”, when suggesting not to always use jointly and severally, this is a fair point, but the other options are far more risky.

If jointly is selected and one attorney cannot act, it will take out the other attorneys and the LPA will be at an end.

If the donor has lost capacity at this point it will mean applying to the court of protection.

Also, jointly for some and severally for others is equally as risky due to the wording required; if this is wrong (such as suggesting majority rule) this will need to be severed, meaning a (very) lengthy delay in registration and the LPA having restricted use.

Also in section 5, “No safeguards or protections”, there needs to be advice about what is and what is not acceptable, as a lot of things donors request in good faith would need to be severed by the court of protection, meaning a delay in registration and the wording they wanted is then missing from the LPA.

This would involve any wording going against the appointment type for attorneys, mentioning people to act who are not on the LPA, mention of articles not relating to LPA such as mentioning property on a health and welfare, or mentioning anything relating to euthanasia, to name a small selection.

This could maybe give readers the complete picture and help avoid some major pitfalls that they would not otherwise be aware of, while using the rest of the very helpful information in the article to benefit their choices into LPA’s.