Can an attorney under power of attorney in BC change a beneficiary designation?

I'm frequently asked whether someone acting under a power of attorney can change the beneficiary named on a life insurance policy, RRIF etc for the person whose money they are adminstering. The general answer is that they can't, but that is usually the answer cobbled together from a combination of statutes and cases.

Now BC has decided to spell it out and clarify the situation, which is always good. Click here to read an explanation and commentary by BC lawyer Stan Rule.