- Ian Walker from Peter Lynn and Partners issues warning following FCA’s call to turn lasting powers of attorney (LPAs) fully digital
- Proposals would remove the need for a physical ‘wet signature’
- Solicitors say this could lead to a drastic increase in cases of financial abuse
Local solicitor Ian Walker from Peter Lynn and Partners has joined fellow members of Solicitors for the Elderly in warning against proposals to turn the LPA registration process fully digital.
An LPA is a powerful legal document that allows a person to appoint trusted individuals to make important decisions about their finances and property on their behalf. Under the current process, a ‘wet signature’ – the physical signing of the document – is required by individuals who wish to register an LPA. But in a paper released on Thursday, the Financial Conduct Authority (FCA) called for a fully digital system, whereby documents could be registered…