Get advice about money

Independent financial advice

A qualified independent financial advisor can help you think about how you will pay for long-term care and support.

You could find it helpful if you:

live in a care home and pay for your care from your income and savings
want to talk to someone about your financial situation and your options
look after someone else’s finances (as a power of attorney or deputy)
think you are likely to need care and support in the future

Choosing an independent financial adviser

There are lots of independent financial advisers, so it may seem difficult to work out who is right for you.

Make sure that you use someone who is registered with the Financial Conduct Authority

Society of Later Life Advisers (SOLLA) helps people find financial advisers who specialise in planning ahead for later life. To find an adviser, visit SOLLA

An adviser who specialises in care fees can offer tailored advice. Most financial advisers will state if they have any specific areas of knowledge. You can also check this with SOLLA.

Restricted or independent financial advisors

Restricted financial advisers usually work with an organisation, like a bank. This limits the range of products they offer, so you may not get the best choice. You may still prefer this if you trust a certain bank.

Independent financial advisers will look at products from lots of companies. This can give you more choice.

Beware of anything that seems too good to be true

Some financial advisers work on the basis of protecting or moving your assets. Government regulations call this ‘deliberate deprivation of assets’. Loopholes that seem to offer a way to save money may cause you problems later.