Testing times

While for most advisers, the advent of Financial Services Authority (FSA) regulation has been and gone, for those specialising in the long term care (LTC) market, there is one final hurdle. Both intermediaries who are looking to enter the LTC sector for the first time and those existing advisers who wish to remain are obliged to take the CF8 examination in LTC competency. The FSA introduced the exam to "ensure that customers have an enhanced level of protection covering issues such as the suitability of financial advice, product information and cancellation rights." Although such measur...