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Irwin Mitchell Trust Corp v PW [2024] EWCOP 16 What are the practical implications of this case? A Deputy is a fiduciary and must not place itself in arrangements where duty and self-interest collide. This judgment indicates that principle has been overlooked in practice, fostering a sizeable - and lucrative - habit of appointing linked investment managers or advisers. The ruling is, accordingly, a significant restatement of the law and a clear signal that the court will not accept intentional conflicts of interest. The potential financial fallout for the businesses involved (and not only Irwin Mitchell) could be considerable. What was the background? PW lacked capacity to manage her property and affairs. Irwin Mitchell’s Trust Corporation (IMTC) was appointed as Deputy. After a process assessing other asset managers alongside IMAM, in which PW’s husband participated, IMAM was chosen to oversee her investments. Some time later an application for a statutory Will was made, and during that process the Official Solicitor (OS) identified a potential conflict arising...