According to Symponia, a loophole in Financial Services Authority rules for long-term care advice will leave clients with the wrong recommendations from under-qualified advisers.
After October 8th this year, advisers in long-term care will have to hold a qualification. But the rules only say that advisers must only take the exam if they intend on recommending an immediate care plan, while all other aspects of long-term care advice can be given without taking the exam.
Symponia believe that the Financial Services Authority is letting both advisers and the families of people in care down as a result of this.
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