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Module 1 · FSRE (Financial Services, Regulation & Ethics)

FRE1Industry, Regulation and Key Parties✓FRE2Skills, Principles and Ethical Behaviours

Module 2 · MORT (Mortgages)

MRT1Mortgage Law, Practice and Application MRT2Mortgage Products and Post Completion

Module 3 · Synoptic case-study exam

ASEW/ASSCAssessment of Mortgage Advice Knowledge (synoptic)

CeMAP FRE1 The Retail Consumer: Needs, Priorities & Products question: residential care soon and worries about paying

CeMAP FRE1The Retail Consumer: Needs, Priorities & Products

Edith, 82, may need residential care soon and worries about paying for it. Which statement is correct for England?

A Care may be means-tested; refer to a specialist adviser
B The NHS pays all residential care fees for everyone over 80
C Care is free for anyone who owns their home
D Her State Pension will automatically increase to cover care fees

Show the answer and explanation

Answer: A. Care may be means-tested; refer to a specialist adviser

In England adult social care is means-tested by local authorities under the Care Act 2014, and the value of a home can count once someone moves permanently into care. Advice on long-term care funding products is specialist; firms should refer to an appropriately qualified adviser (FSRE LO7 limits of authority). The NHS funds care only in specific cases such as NHS continuing healthcare, home ownership does not make care free, and State Pension does not rise to meet care costs.

Common mistake

Assuming the NHS or the State Pension covers residential care costs.

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Original practice material mapped to the published CeMAP FRE1 learning outcomes. Independent, not endorsed by Walbrook (formerly LIBF). Verify figures and rules against current guidance before relying on them.