WHY NOW?
Since the 1st November 2004 advice on Long Term Care comes under the Financial Services Authority.
Due to the subjects interaction with Social security benefits, the complexities of rules surrounding Local Authority funding and the vulnerability of the typical person needing advice, the FSA deem Long Term Care advice as high risk.
Faced with this tighter regulation, including the need to sit another exam, many of you may now decide that the limited number of enquiries you receive does not warrant the extra time and resources required to prove competence.
Nevertheless, sooner or later some of your clients will need care and more importantly advice on how to pay for it! Outsourcing your client enquiries to us means you can continue to offer your clients advice , and continue to earn from them , without having to meet increased regulatory requirements.
Outsourcing your Long Term Care enquiries to us should also enable your firm to meet FSA requirements to establish a separate sales process, and will mean you will not have to design a robust new fact-find, comply with separate T&C requirements or keep up to date with new product releases and social security changes. As such we believe outsourcing will prove more profitable. |