The guide aims to help staff in financial services and utility companies act more consistently when they see powers of attorney and deputy court orders.
Supporting customers who do not make their own decisions has been developed by Office of the Public Guardian (OPG), the UK Regulators Network (UKRN) and the Department for Business, Energy and Industrial Strategy (BEIS) working with sector regulators. These include Ofcom, Ofgem, Ofwat and the Financial Conduct Authority.
In a joint foreword to the guide, Minister for Small Business, Consumers and Corporate Responsibility at BEIS, Kelly Tolhurst, and Ministry of Justice Parliamentary Under-Secretary of State, Edward Argar, said:
- Powers of attorney are a valuable tool that helps some of our country’s most vulnerable people have their affairs managed before or when they have lost mental capacity. However, those who act in the best interests of adults at risk often find the process of dealing with the companies they rely on both confusing and inconsistent.
- This guide sets out clear policies and advice. It provides clarity to the law and helpful information which can ease the burden and stresses that new and current care givers face on a day-to-day basis, by making their simple transactions as smooth and problem free as possible.
Supporting customers who do not make their own decisions is available from the UKRN website.
About Trojan Consultants
Trojan Consultants is an acclaimed specialist in providing financial case management software and services, with a rich heritage spanning more than 35 years in the sector. We help local authorities, health trusts and solicitors to manage the financial affairs of vulnerable individuals through automated, on-demand client money and case management solutions. Most importantly, we develop and hone our solutions in direct collaboration with the people who use them every day. Together, our customers administer over £1 billion for a combined 45,000+ vulnerable clients.
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