Following FSA warnings advisers cannot afford to ignore the care sector, annuity provider Partnership is offering advice to IFAs who want to enter the care fees advice arena.
In a recent guidance note, "The Retail Distribution Review: Independent and Restricted Advice", the FSA indicated care fees advice and long-term care (LTC) insurance would be classed as a ‘specialist' activity.
Advisers wishing to remain ‘independent' post-RDR, must have either the relevant qualification or a referral process in place.
Partnership said independent or restricted, care fees planning is a huge opportunity for advisers, adding that the LTC market needs more advisers to meet a massive need.
Partnership is hosting a series of Later Life Forums in May: Leeds (1st May), Birmingham (2nd May), Horsham (9th May) and Bristol (10th May).
Company experts will help advisers understand how the care advice process works, how to get involved and also provide ideas to develop their business actively in this area.
Chris Horlick, managing director, Care at Partnership, said: "Care fees advice is being recognised as an increasingly important area for advisers. We are hoping to help them qualify and then develop a successful business, and I would thoroughly recommend to any adviser who is interested that they come along to one of our Later Life Forums."
