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.