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FCA Publishes Findings on Sanctions Systems and Controls in Financial Firms
James Alleyne
If you have been appointed as a deputy by the Court of Protection to manage the property and affairs of someone who lacks mental capacity, there are a number of responsibilities that you must undertake. One of these is managing that person’s investments.
On 29th July 2018, the Supreme Court ruled that families and doctors can agree to end the life sustaining care of patients in a persistent vegetative state without Court permission.
Financial abuse of the elderly is a shame on our nation. That the abuser is often the elderly person’s own offspring, acting under a Lasting Power of Attorney (LPA), is disturbing. And let’s not mince words; we’re talking about children stealing their parents’ money.
We may all be affected by loss of mental capacity in our lifetime; whether it is ourselves or a loved one. Illness, accident or even old age can have a devastating effect on our ability, and the ability of people around us, to manage day to day life. So what happens if a loved one, family member or friend loses the ability to manage their own finances?
If only there was a simple answer to this question but it is something I have been musing over. I am a solicitor and a professional Deputy – this is what I do, it is my job, but how do I know whether I am actually good at it? Obviously I would like to think I am, but then again most of us think we are quite good at our jobs don’t we!
James Alleyne
Harriet Farquhar
Fred Allen
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