Symponia

Most elderly people will be required to sell their homes in order to afford to fund care costs, according to care fees planning advisers.

Advisers are lacking faith in the coalition's ability to bridge the funding gap for the UK's elderly, Symponia has revealed.

Long term care adviser body Symponia has added a national home care group to its panel of preferred partners for clients.

Getting financial advice on long-term care (LTC) is a welcome part of the latest Care Bill, however, it is not essential that advice is independent, trade body Symponia has said.

Symponia fears many people could unwittingly be paying for care fees twice over as a ‘significant' number of insurance policies remain unclaimed on.

There has been very little clarity or certainty over funding in the social care White Paper response to the Dilnot report. What does this mean for financial services and its ability to support the gaping funding hole?