FT Adviser article - "Advisers have been told they must check all funding options available when advising clients on long-term care.
It comes as several advice companies face litigation after failing to consider the fully-funded NHS continuing healthcare option that clients with care needs could benefit from".
Great article. My question is HOW!? How can advisers who do not specialise in care adequately consider NHS Funding, LA Charging or DWP benefit eligibility? Answer - most can’t and in practice don’t.
Unfortunately telling advisers they must does something doesn’t make them experts. It’s an unfair, unrealistic requirement. Online resources can’t meet a knowledge gap and regulated advisers do not have time for extra CPD.
Nothing replaces experience, care is very specialised and advisers need to be doing it regularly to understand the system. Advisers can reduce risk, save time and add value by engaging a care funding expert.