Half of savers without power of attorney hold at least £100,000 in cash, Paragon finds

• Paragon Bank research among 5,291 savers without a power of attorney found 50% hold at least £100,000 in cash savings.
• Among respondents, 77% know whom they would choose to manage their finances; 52% of that group have not asked them.
• Despite 69% considering a power of attorney important, 56% believe they have not reached the stage of needing one.
• A health scare would prompt 41% to arrange a power of attorney, highlighting reliance on changes in circumstances before acting.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paragon Banking Group plc published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.