APFA: Only a third of advisers qualified to give LTC advice

Carmen Reichman
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Only a third of advisers are currently qualified to provide long term care advice despite growing interest from advisers in the area, the Association of Professional Financial Advisers (APFA) has found.

APFA said 65% of advisers are planning to advise people on their options for funding LTC but only 31% have the necessary LTC insurance qualification. A further 5% are in the process of obtaining the qualifications, while another quarter (24%) plan to qualify next year, APFA said. APFA consulted more than 200 advisers on three occasions throughout the past three months to compile its findings. The figures also pointed to a growing interest in LTC advice among advisers since the push for mandatory advice referrals as part of the debate around this year's Care Act. In November 2013...

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