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CPD programme to set competence standards for LTC

Savers who open an account with Cheltenham & Gloucester before July 31

will be given two free tickets to any National Trust house or garden. C&G

will also donate £1 to a National Trust coastline campaign for each account


Trade bodies Sofa and IFA Care are teaming up to develop a continuing

professional development programme to establish minimum competence levels

for long-term care advice.

Planning for the Elderly will be run in conjunction with the Chartered

Insurance Institute and aims to establish minimum levels of knowledge for

IFAs advising elderly clients, particularly on LTC insurance.

A focus group consisting of Sofa members plus specialist LTC advisers from

IFA Care will meet in June to devisea workbook and tests.

Sofa expects the workbook to be of interest initially to specialists in

the field. However, it intends to target a wider IFA audience early next


Sofa director Robert Reid says it is important that competence standards

are established on long-term care, regardless of whether LTC ins-urance is

included in the Financial Services and Markets Bill.

Reid says: “We assume that long-term care will be regulated but, in the

interim and even if it does not bec-ome regulated, it is import-ant that we

ensure competence levels, even if they are on a voluntary basis.”

IFA Care chairman Graham Fidoe says: “Increasingly, IFAs are looking to

the elderly market as one with a lot of growth potential. This initiative

will look at raising standards in that market.”

The social security selectcommittee is holding an inquiry to investigate

the causes and extent of pensioner poverty. It will look at the future of

the basic state pension and the option of pensioner tax credits among other

topics. Interested parties have until June 5 to submit their responses

before oral evidenceis taken later that month.


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