Independent Financial Life Planners Bishop's Stortford: Funding Care in later life

Wednesday, 18 September 2013

Funding Care in later life

It is becoming more and more of a worry for many how to fund whatever may come along in later life. Our Independent Financial Advisor’s at Enable in Bishops Stortford can help you look at what might be possible to put in place and note with interest what care services minister Norman Lamb has said recently; that he will “strengthen” the role of regulated advisers in long-term care funding reforms in changes to the Care bill. The bill, currently in the House of Lords, would force local authorities to signpost people funding their own long-term care to “independent” financial advice but not regulated advisers.

Speaking at the Liberal Democrat conference in Glasgow, Lamb acknowledged the need for quality financial advice and said he will act on concerns. “For these reforms to work we need to set fire to the role financial services can play in providing additional support. “The two things they have said to us, which they feel are incredibly important to make this work, is firstly raising awareness. Government has to lead the way in getting the public to a much better place in understanding what these reforms are about. The level of understanding is incredibly weak, It comes as a shock to most people that they have to pay for it.

“The second thing the industry asks for is that those people with assets, perhaps with significant assets, are encouraged, not forced, to seek good quality financial advice from an IFA, preferably someone with later life qualifications.”

Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE.

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.