Only a third of advisers are currently qualified to provide long term care advice despite growing interest from advisers in the area, the Association of Professional Financial Advisers (APFA) has found.
APFA said 65% of advisers are planning to advise people on their options for funding LTC but only 31% have the necessary LTC insurance qualification.
A further 5% are in the process of obtaining the qualifications, while another quarter (24%) plan to qualify next year, APFA said.
APFA consulted more than 200 advisers on three occasions throughout the past three months to compile its findings.
To turn their willingness into actual advice advisers will need to obtain this qualification soon
The figures also pointed to a growing interest in LTC advice among advisers since the push for mandatory advice referrals as part of the debate around this year's Care Act.
In November 2013, 58% of advisers said they would like to be part of a list to which local authorities make referrals for advice.
But the Care Act, which gained Royal Assent on 14th May 2014, stopped short of making referrals to qualified advisers compulsory.
Earlier in November pensions experts called for the government to help savers utilise their pension savings to fund long-term care.
APFA director general Chris Hannant (pictured) said the pension changes, first announced by the Chancellor in the March Budget, have the "potential to revolutionise the UK care system" and represent a "significant opportunity for financial advisers".
But he warned: "To make the most of the opportunity and to turn their willingness into actual advice, advisers will need to obtain this qualification soon.
"Access to advice from a regulated firm will be vital for many people, helping them make the best choices in what can be far-reaching financial decisions on funding their long-term care."
