Adviser help with care for loved ones highlights need to make own plans

Half of over 45s arranging care for loved ones go on to make own plans

Isabel Baxter
clock • 2 min read

Half of over-45s arranging care for a loved one with the help of an adviser go on to make their own arrangements as a result, according to Just Group.

Findings from the Just Group's 2023 Care Report revealed that those with experience of finding a care home for a loved one with support from an adviser were nearly four times more likely to subsequently make their own care plans than those who had made arrangements without adviser help. Over a quarter (27%) of these respondents said this was prompted by the realisation of how difficult it was to organise care and 22% said the experience made them realise how expensive care can be. Meanwhile, two thirds (66%) of over 45s said they do not want to go into a residential care home, 65% wou...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Keir Starmer: We must 'embrace the harsh light of fiscal reality'

Keir Starmer: We must 'embrace the harsh light of fiscal reality'

Starmer to speak ahead of Autumn Budget on 30 October

Linus Uhlig
clock 28 October 2024 • 2 min read
Investor appetite diverges by age as Budget worries sour older generations

Investor appetite diverges by age as Budget worries sour older generations

Abrdn's Savings Ladder index

Linus Uhlig
clock 25 October 2024 • 3 min read
Editor's view: SJP Academy and FCA finfluencer crackdown

Editor's view: SJP Academy and FCA finfluencer crackdown

The editor's Friday Night Takeaway from 25 October

Jen Frost
clock 25 October 2024 • 3 min read