The Skills Council has produced a consultation paper setting out the qualifications and knowledge IFAs must have to achieve the later life adviser accreditation, which aims to give older clients greater confidence in financial advice.
The FSSC says the accreditation will help people identify advisers who empathise with older clients, understand the specific issues relating to older clients and can give them appropriate advice to meet their needs. It states: “Clients will also be assured that later life advisers (LLAs) will be sensitive and understanding of their needs and be able to evaluate these in the context of other related issues that arise when working with older clients. In particular a LLA, having identified a specific need would, if necessary, refer their client to appropriate specialists dealing in areas suc...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes