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Bureaux sets up new arm for LTC advice

Specialist London IFA firm The Bureaux is setting up a new arm, The Care Funding Bureau, to offer advice on planning for long-term care.

The new business operates alongside The Annuity Bureau and The Drawdown Bureau. The CFB says LTC is a complex issue and needs specialist advice. It has three advisers and plans to go up to 10.

It believes LTC funding advice is a major market, with more than a quarter of people over 65 needing care. It says even those getting the maximum state funding of £110 a week will still have to find three quarters of their nursing home fees.

The Care Funding Bureau head Owain Wright says: “There is a real need for simple, clear advice that people can access, understand and act on and it is up to the financial services industry to offer some clarity in what is a complex issue.”

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