Political lobbying and LTC: What it means for advisers

The draft Care and Support Bill, currently in the report stage in the House of Lords, proposes to bring in a single, modern law for adult care to replace existing outdated and complex legislation. Product providers in the long-term care (LTC) market have been lobbying politicians for the inclusion of regulated independent financial advice within the Bill to ensure people, especially the vulnerable, get the right care solution for them and to help the market grow for advisers. In July, an amendment which would have made it compulsory for local councils to refer ‘self-funders’ to IFAs w...