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Secrets uncovered

The Court of Protection has been unjustly criticised in the press, says Simon Heapy, so a greater understanding of its value and role is needed

16 May 2013

The Court of Protection was positioned as a "secret court" holding billions of pounds of vulnerable clients' monies and paying "paltry" levels of interest in a recent newspaper article. The piece has highlighted the need for a better understanding of the key role that the court, and its appointed deputies, play.

Dating back to as early as 1339 but known as the Court of Protection since 1947, the court is not, and has never been, designed to be a bank.

For the majority of this century, the Court Funds Office paid a reasonable 6 per cent gross interest, so it was often advantageous during this period to keep client funds with the court. In line with the wider economic climate, this rate has fallen to 0.5 per cent in recent years, which has created problems for clients ...

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