Close Brothers moves into LTC market

Nicola Brittain
clock •

Close Brothers Asset Management (CBAM) has created a team of specialist financial advisers to assist clients with planning for long term care (LTC).

The team will be made up of nine advisers, all of whom are internal appointments with a minimum of Level 4 and CF8 accreditation. All members will be working towards achieving their Later Life Adviser Accreditation where necessary. The service is a response to the increase in life expectancy and increasing care costs.  CBAM head of regional advice Patrick Haines said: "Following the government's announcement that it will implement a new funding model for adult social care, the £72,000 cap on care costs has received a great deal of news coverage. "While this is certainly a step forw...

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

Succession Alliance launches first profession-wide succession survey

Succession Alliance launches first profession-wide succession survey

Open to people in all roles working in financial planning firms

Sophia Panayi
clock 29 September 2026 • 1 min read
The future of our profession will benefit from greater collaboration

The future of our profession will benefit from greater collaboration

'The profession continues to operate and evolve in an environment of profound change'

Keith Richards
clock 28 September 2026 • 4 min read
Burnham to propose social care plans at general election

Burnham to propose social care plans at general election

Aims to be preventative

Jaskeet Briah
clock 28 September 2026 • 2 min read