Advisers ‘risk regulatory issues and customer outcomes on estate planning’ - IFA Magazine

Brokers run risks by ignoring wills and LPAs in equity release deals: Key   – Mortgage Strategy

Brokers risk falling foul of regulatory issues if they fail to consider wills and the lasting power of attorney when recommending later life loans, warns Key.   Almost a third, or 30%, of over-55s do not have wills and 77% do not have a lasting power of attorney in place putting them and their adviser at risk if they

Advisers warned of critical need for wills and LPAs

Financial advisers are “risking” potential regulatory issues and good customer outcomes if they do not consider wills and Lasting Power of Attorney (LPAs) when recommending later life lending products.

Advisers risk regulatory issues if wills and LPAs are ignored in later life lending, warns Key

Key Later Life Finance has warned that advisers risk regulatory issues and poor customer outcomes if they do not consider wills and lasting power of attorney (LPAs) when recommending later life lending products.  Research found that 30% of over-55s did not have wills and more than three-quarters (77%) did not have an LPA in place.  This leaves both customers and their advisers at risk, especially if the product is a lifetime mortgage with a draw…

Advisers ‘risk regulatory issues and customer outcomes on estate planning’ - IFA Magazine

Advisers are risking potential regulatory issues and good customer outcomes if they do not consider wills and Lasting Power of Attorney (LPAs) when recommending later life lending products, Key Later Life Finance, the UK’s leading equity release adviser, warns. Industry data* shows nearly a third (30%) of over-55s do not have wills and more than three-quarters (77%) do not have an LPA in place putting them and their adviser at risk if they take …