In the latest development on the Care Bill, the clause compelling people with care needs to be referred to regulated financial advisers, was rejected. Fiona Murphy looks at the issues.
One of the most significant opportunities for financial services with the passage of the Care Bill has been the chance for greater involvement. In January earlier this year, speaking at the Society of Later Life Advisers’ conference entitled ‘The Value of Advice’, care minister Norman Lamb said advisers would come ‘centre stage’ in the reforms. He told adviser delegates: “This is where critically you come in. How that person can make best use of the resources they have available to them. Your role in this landscape we’re going to design is completely critical. You come centre stage.” ...
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