Close Brothers moves into LTC market

Nicola Brittain
clock

Close Brothers Asset Management (CBAM) has created a team of specialist financial advisers to assist clients with planning for long term care (LTC).

The team will be made up of nine advisers, all of whom are internal appointments with a minimum of Level 4 and CF8 accreditation. All members will be working towards achieving their Later Life Adviser Accreditation where necessary. The service is a response to the increase in life expectancy and increasing care costs.  CBAM head of regional advice Patrick Haines said: "Following the government's announcement that it will implement a new funding model for adult social care, the £72,000 cap on care costs has received a great deal of news coverage. "While this is certainly a step forw...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA: Most firms unable to meet bereavement claims performance levels

FCA: Most firms unable to meet bereavement claims performance levels

Call for improved bereavement handling times

Cameron Roberts
clock 22 November 2024 • 3 min read
ETF providers launch unlisted share classes to tackle slow MPS adoption

ETF providers launch unlisted share classes to tackle slow MPS adoption

Technological and cost barriers

Valeria Martinez
clock 22 November 2024 • 5 min read
Advisers expect regulation to limit time taken on giving advice

Advisers expect regulation to limit time taken on giving advice

Industry expects it will constrain their ability to meet demand

Isabel Baxter
clock 22 November 2024 • 2 min read