Three things we learned this week

Advisers warned amid crackdown on LTC fee avoidance Local authorities may take an "aggressive stance" against schemes designed to help individuals avoid long term care (LTC) fees, an expert has warned. Michael Young, chairman of the Society of Trust and Estate Practitioners (STEP), said advisers who recommend or even allow their clients to use trusts to try and avoid paying for LTC could see fines similar to that paid by HSBC last month. In December, HSBC was fined a record £10.5m for mis-selling bonds to the elderly to cover their care fees. In many cases the clients were not expec...