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

Experienced adviser launches financial education website

Experienced adviser launches financial education website

Subscription-based model designed for individuals and businesses

Jenna Brown
clock 25 February 2025 • 2 min read
Investors caution Reeves' ISA reforms 'would need to strike a careful balance' to solve UK investment crisis

Investors caution Reeves' ISA reforms 'would need to strike a careful balance' to solve UK investment crisis

‘A significant shift’ but not unprecedented

Sorin Dojan
clock 21 February 2025 • 2 min read
Advisers urged to encourage philanthropy as UK's wealthiest donate £8bn

Advisers urged to encourage philanthropy as UK's wealthiest donate £8bn

CAF report highlights untapped philanthropic potential among high-net-worth clients

Sahar Nazir
clock 21 February 2025 • 2 min read