Regulation of advice on the needs for Long Term Care Insurance have been put back until 2004 by the government.
This area of advice is currently not regulated by the Financial Services Authority, i.e. there are generally no rules or regulations that providers or advisers have to abide by. Regulation was proposed, which we believe is important for consumers to have protection. Indeed, we have always treated advice in this sector as if it were regulated anyway.
Learn more about long term care insurance and the community care act in Care Fees Adviser.com.
Did you know that the local authority have the legal right to place a charge over your property if you need care and to take all or part of your assets on death to recover there costs?
Use our property decumulator calculator to work out how long your home would last.