Advisers have stressed they are keen to become more involved in long-term care (LTC) advice, with a desire to be included in council referral lists, Association of Professional Financial Advisers (APFA) research finds.
The House of Commons Public Bill Committee is to begin reviewing the Care Bill today (9 January.)
The figures compiled via NMG Consulting's Financial Adviser Census, revealed almost three in five financial advisers (58%) would like to be included in referral lists should local authorities be given a duty to suggest firms that can provide financial advice on care funding.
The research also said over a third of advisers (35%) are providing advice to clients on long term care.
Chris Hannant, director general at APFA, said: "The Care Bill currently making its way through Parliament has the potential to revolutionise the care system in the UK. Under the Bill, local authorities will have an important role to play in ensuring that people who would benefit from financial advice can access the help they need.
"Funding long-term care will mean people have to make far-reaching financial decisions, so access to advice from a regulated firm will be vital. This research shows that there is considerable appetite among the adviser community to make financial advice available to anybody who needs it.
"APFA will be working with government, local authorities and others in the financial services industry to ensure that it is made as easy as possible for people to know how to go about getting regulated financial advice and where they can find it."
