Customers
Why it helps to know about Power of Attorney
How to make sure decisions about your future stay with the people you trust.
Standard Life content team
April 21, 2026
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If you have an accident or get ill, you may need someone you trust to make decisions around your finances and care on your behalf.
And despite what many people think, it's not the case that your next of kin can automatically step in.
That’s why it’s important to have Power of Attorney in place. It’s a legal document that gives people you trust the right to make decisions for you, if you’re no longer able to.
It’s something people are more likely to consider during those key life moments when they might be thinking about their money and health – such as when they retire, make a Will, or start taking money from their pension plan.
But life is full of twists and turns, and you never know what's around the corner – so the key is to put one in place as early as possible.
It’s an important part of financial planning that can give you confidence for the life ahead. Having one in place now can make things easier for yourself and your loved ones in future. So whether you’re just starting out in your career or you’re already retired, now is the time to set one up.
A comfort blanket for the future
Power of Attorney gives you control over who can make decisions on your behalf – about things like your finances (pension included), health and welfare.
It’s a bit like a comfort blanket for the future. You may never need to use it, but it will make life simpler for you and your loved ones if you do.
Convenience and reassurance when it’s most needed
Having a Power of Attorney isn’t about giving up control. It’s about giving the people you trust a practical, convenient way to step in if you ever need support to make decisions about your finances, health or care.
By planning ahead, it provides you with reassurance that your wishes will be respected – and your loved ones with clarity during difficult situations.
Real-life stories from those who have a Power of Attorney for a loved one.
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"I had to take over everything for my brother – paying his bills, talking to doctors – and I realised very quickly how difficult it is if you don’t have a Power of Attorney."
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"My uncle's now in sheltered housing after a few falls. Having a Power of Attorney made the whole process - dealing with the GP, social worker, housing officer - so much easier."
Getting started with setting up a Power of Attorney
Taking the time to set up a Power of Attorney now could save a lot of stress and hassle in the future. It’s more straightforward than you may think, and you may be able to do it yourself online. You can also get support from a solicitor or charity.
Power of Attorney Day 2026
We've teamed up with Carers UK to launch Power of Attorney Day (22 April), joining forces to raise awareness and understanding of this often misunderstood legal safeguard.
No matter your circumstances, having Power of Attorney can be useful – and arranging one sooner rather than later could make life simpler in the future.
This page provides general information about Power of Attorney. It is not legal advice. If you need help with your own situation, you should seek independent legal advice.
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Third-party mandate, Power of Attorney and your pension
Find out how to arrange for our teams at Standard Life to talk to someone you trust about your pension
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Five common Power of Attorney myths you should know about
We debunk the myths that could be stopping people from putting in place this important safeguard.
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More information on Power of Attorney
Find out more about how to set up Power of Attorney in ScotlandEngland and WalesNorthern Ireland
Find out more about Power of Attorney Day.