Partnership has recommended Symponia's scheme to help independent advisers who are not qualified in care fees planning to remain fully compliant with FSA Guidelines on Long Term Care advice.
The trade body for care fees planning advisers introduced the scheme in response to FSA Guidelines on long-term care advice, which states that independent advisers who are unable to advise on long-term care insurance contracts must be able to identify clients with such needs and refer them to an appropriate specialist.
Provider Partnership said the scheme will provide affiliate members with the right information and tools to enable them to demonstrate to their clients, and the FSA, that they understand their client's situation and are able to take the necessary steps to ensure that their clients are referred to an expert adviser.
Chris Horlick, managing director of care at Partnership said "As the number of people who have to fund their own care continues to rise, we strongly welcome Symponia's initiative, which helps more consumers to benefit from appropriate care fees advice and guidance.
"Greater awareness of a client's situation and the ability to take the necessary steps to ensure those clients are referred to an expert care fees adviser provides yet another safeguard to those people who need to make important financial decisions about Long Term Care funding, typically at a time of great distress to them and their families.
