IFACare to extend its remit to include more advisers

Long term care (LTC) broker body IFACare is extending its remit to include members who give advice on all areas of retirement planning. New membership requirements are currently being set so that more advisers can qualify to join. They will be published shortly. Graham Fidoe, chairman of IFACare, said the changes have been made in response to the shrinking LTC market, with two insurers in the pre-funded market exiting last year. Although the broker body will remain committed to the LTC market, he said new areas of focus would include annuities and equity release. "The need for overall advice in retirement is greater than ever," said Fidoe.