FSA clarifies LTC and state benefits position

clock

The Financial Services Authority has clarified which qualifications advisers must have before they can recommend long-term care policies, as well as stressing the importance of considering means-tested state benefits when giving advice.

In response to several queries from advisers about its expectations for training in long-term care (LTC) planning, the FSA says advisers must have passed an appropriate LTC exam before they may be assessed as competent in that area. The regulator’s latest newsletter adds that if an adviser is not yet assessed as competent, their work must be supervised by someone who has passed an appropriate exam, such as the Chartered Insurance Institute’s (CII) certificate in financial planning and LTC insurance, and has the necessary technical knowledge and assessment and coaching skills. When adv...

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Plannex memberships boosted by 'out of the blue' Reddit influx

Plannex memberships boosted by 'out of the blue' Reddit influx

Without spending a penny on the social media platform

Isabel Baxter
clock 01 September 2026 • 5 min read
FCA calls on young adults to check for unclaimed child trust funds

FCA calls on young adults to check for unclaimed child trust funds

760,000 child trust funds remain unclaimed

Sophia Panayi
clock 01 September 2026 • 2 min read
Roger Brosch: Advice should also mean investing in your memory bank

Roger Brosch: Advice should also mean investing in your memory bank

Financial advice is never about the money itself

Roger Brosch
clock 27 August 2026 • 3 min read