View more on these topics

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

opened.

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

year.

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.

Recommended

Providers must take the blame for FSA tree

The FSA is to design a single decision tree and will force providers tostick to the template in all stakeholder key features documents.It has washed its hands of any responsibility for misbuying that mightarise from using the tree, prompting fears that providers will be left topick up the pieces.The FSA revealed its thinking behind the […]

It won&#39t do for the watchdog to bark for the FSA on mortgages

The Financial Ombudsman Service wants to bring mortgage advice under itsremit, if it can afford to.This throws the FSA decision to exclude advice into sharp relief andintroduces all manner of unwelcome anomalies.At best, it shows the current approach to mortgages is no better than abodge job, only serving to confuse the industry and public alike.But […]

The captain&#39s Ilog

The IFA Life Offices Group (Ilog) of the ABI was formed in 1995 and hasproved itself a success in promoting the cause of IFAs.The Pass review has been frequently acknowledged as one of the successfulIlogventures. It has not only helped in the survival of many good IFA firmsbut has also helped improve the image of […]

Taking the e-nitiative

Although some financial services companies have dabbled with the internetfor several years, it is only in the last few months it has begun to beemployed to transact business.Direct providers such as Direct Line and Virgin have led the way withgenuine e-nitiatives designed to provide real value to consumers andstreamline their internal processes.In the IFA market, […]

Large-cap growth alpha thesis: seeking risk-adjusted excess returns

Content supplied by Loomis, Sayles & Company — an affiliate of Natixis Global Asset Management For mutual fund investors and managers of large pensions or endowments, a major challenge is to identify those portfolio managers who are most likely to deliver superior risk-adjusted returns in the future. Understanding how an investment philosophy informs a manager’s decision […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment