Symponia has launched a ‘professional partners' initiative to tackle the lack of qualified long-term care fees-based planning advisers.
The Financial Services Authority (FSA) has given an October 2006 deadline for advisers to achieve the specialist long-term care qualification, CF8, but Symponia says there are a large number of advisers who have yet to achieve the exam. It warns there could be a gap in the way some IFA firms service their new and existing clients after October. As a result, the umbrella group is launching a new membership classification – ‘professional partner’ – to encourage advisers to establish a mutually beneficial ‘introducers’-type relationship with a suitably qualified local IFA. By establis...
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