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IFAs could gain council referrals under Social Care Bill
Advisers could receive a boost from government plans to reform the way long-term care is funded, through local councils referring self-funders to IFAs.
New Model Adviser® understands that the latest draft of the Social Care Bill contains an amendment prescribing local authorities to refer self-funders to financial advisers.
The draft bill containing the amendment is currently being scrutinised by a committee headed by Paul Burstow.
Lorreine Kennedy (pictured), head of care fees at Hertfordshire-based IFA Care Matters, said: ‘We are aware of a draft amendment to the Social Care Bill that will say that all citizens should be referred to financial advisers.
‘It is being looked at by the scrutiny committee and if it gets passed, local authorities will have an obligation to [refer] self-funders,’ she said.
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iShares: Time to shatter the ETF myths
As result of industry changes - the retail distribution review - and a growing focus on cost-efficient solutions, we anticipate the number of investors using ETFs will rise significantly over the coming years.
But as with any newer product, especially in the financial world, various misconceptions about ETFs have perpetuated over the years and iShares is committed to addressing and ultimately dispelling these.
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