People should be ‘nudged' towards independent regulated financial advice when considering how they will fund their long term care, the government has said.
Parliamentary Under-Secretary for the Department of Health Earl Howe told the House of Lords last night that local authorities "should take a proactive role" in pointing people towards financial information and advice regarding long term care funding. "We want to ensure that when people take decisions about how to fund their care it is done in a considered and informed way. We agree that the local authority has a pivotal role to play in ensuring that this happens. "It is particularly important for self-funders that this includes the relevance and the availability of regulated independ...
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