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  4. Letter: Time for a new sideline?

Letter: Time for a new sideline?

13th February 2015

Inspired by information on the number of occasions on which self-styled roofers, pavers, and the like have escorted an elderly person to a bank branch or ATM with the purpose of withdrawing large amounts of their money in cash, I have carried out, in strictest confidence, an extensive piece of research.

I have ascertained that a surprisingly large number of elderly men and women have £20,000, £30,000, £40,000 and more asleep and vulnerable in current accounts which, in general, are accruing no interest.

Mindful of the Journal's esteemed columnist Stephen Gold’s recommendation that solicitors should be proactive in seeking out new business, is there not a role here for solicitors who happen to be qualified financial advisers? Timely appropriate advice to such clients could forestall the loss of life savings.

George Lawrence Allen, solicitor, Edinburgh

 

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