The Office of the Public Guardian will turn live on 1 March 2010. This BIG happening is the latest who-ha among professional financial planners as it will also mean that the much awaited Lasting Power of Attorney under the Mental Capacity Act will also turn live on 1 March 2010. This latest and powerful tool will be added to the arsenal of tools which professional financial planners can use for clients' retirement planning. Financial advisers who are still trying to prospect their clients to buy some silly insurance products and exotic investments just because of that silly commission do not realised what they are missing out in their ability to help their clients. There have been many talks in town among professionals on how to utilize the Lasting Power of Attorney and many innovative and exciting ideas have been brought up. It is an indeed one big leap for Singapore.
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