Long Term Care

Labour's Lord Hunt was right to highlight the practical difficulties of asking local authorities to assess all self-funders as part of long-term care reforms, adviser firm LEBC Group has said.

Society of Later Life Advisers (SOLLA) has taken a 'strategic decision' to accept all advisers who achieve the Later Life Adviser Accreditation (LLAA) as members.

An amendment to the Care Bill mandating local authorities to refer people approaching care to regulated financial advisers - a proposal originally thrown out by parliament - is to be re-submitted in revised form for consideration by MPs.

A quarter of Brits are relying on inheritance to fund their retirement yet do not realise that one million homes have been sold to pay for care fees in recent years, NFU Mutual has warned.

In the latest development on the Care Bill, the clause compelling people with care needs to be referred to regulated financial advisers, was rejected. Fiona Murphy looks at the issues.

LTC

LTC

PayingForCare.org has launched a care cap calculator to help advisers and their clients make informed funding decisions.

Access to professional advice is "crucial" for people planning their retirement, given the current state of the state pension and long-term care system, delegates heard.

The cost of dealing with the country's ageing population will increase government spending by about 4% of GDP - or £61bn in today's terms - by the 2060s, according to government projections.