Back in July, journalists and the care industry alike wondered why HSBC hurriedly closed market leader, Nursing Homes Fees Agency
The IFA was a well-respected pioneer in advising the elderly on their funding options. We were shocked by the revelation that NHFA systematically mis-sold investment bonds to 2,485 pensioners over a five year period. But, this is not just another greedy banking scandal to fill the pages of newspapers. Long-term care is already precarious in the public eye and should encourage grown-up debate: not fear; tips to empower people to seek advice: not shy away from the fact they might one day need it. If those who ignore the issues, are now hooked by lurid tales of greedy IFAs - how will Dilno...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
