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FSSC launches elderly care qualification for advisers

The Financial Services Skills Council has launched a new national quality standard for financial advisers working with older clients.

The Later Life Adviser Accreditation Scheme, which has been developed in conjunction with financial services consultancy SVARfair, is intended for advisers with a high level of competence in dealing with the older client market.

Building on the FSA’s CF8 requirement, the accreditation recognises the enhanced level of skills, knowledge and empathy that advisers need to work specifically with older clients.

To achieve the FSSC standard, advisers need to have CF8, be able to demonstrate their abilities through work-based assessment, work within a supportive environment, and complete an annual continuing professional development programme.

Age Concern financial services policy adviser Jane Vass says: “We warmly welcome the Later Life Adviser Accreditation scheme as a way of recognising financial advisers with the specialist skills and knowledge needed to deal with older clients.”

Just Retirement is the primary development sponsor and Partnership Assurance also supports the scheme.

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