The UK population is getting older – and quickly. Between 2005/06 and 2015/16 the total number of people aged 65 or over in England increased by close to 21 per cent – nearly 1.7 million extra people.
Moreover, the greatest growth in percentage terms has been amongst those aged 85 and over this age group increased by 31.3 per cent (or more than 300,000 people) over the period. This is increasing the strain on the UK care sector and is likely to mean that in future we need to pay more ourselves for care if we want to enjoy a similar quality of life – but how do we go about paying for it?
In this webinar on care fees, Clive Barwell, an independent financial adviser at Wren Sterling and accredited by the Society of Later Life Advisers (SOLLA) talks through the issues in the sector, what people need to be aware of as they or a family member prepares to go into care and the value of a financial adviser in the process.
Related posts
The value of financial advice
As stormy market conditions continue we talk to an adviser about the advice she gives her clients to...
The balance of retirement income planning
Are annuities making a comeback? The increase in gilt yields over the past six months particularly h...
Use it or lose it. Don’t pay more tax than you need to
The tax allowances and exemptions system in the UK is complex. Don't miss out on what you're entitle...
Bear with me, don’t panic, keep at it
Wren Sterling Group's new CIO Rory McPherson reflects on what is happening in the markets and sees r...
No such thing as a “no risk” pension
When looking at options for funding your retirement, it’s important to understand that your pension...
How valuable is your adviser?
Comparison websites will let you see the cost of products (like car insurance) without needing to co...