Planning for care can involve important financial decisions. While many families begin by exploring available funding options and benefits, some people choose to seek professional financial advice to help them plan for the future.
Independent financial advisers who specialise in later-life planning can help individuals and families understand the financial implications of care and explore options that support long-term wellbeing.
At Bluebird Care Bromsgrove & Redditch, we understand that every situation is different. The information below highlights organisations and resources that can help individuals find appropriate financial advice when planning care.
The Society of Later Life Advisers (SOLLA)
The Society of Later Life Advisers (SOLLA) is a not-for-profit organisation that helps people find financial advisers who specialise in supporting older people and their families.
SOLLA advisers are experienced in helping individuals understand the financial aspects of later life, including care planning and managing assets.
They can provide guidance on topics such as:
Planning for the cost of care
Understanding available funding options
Managing pensions, savings and investments
Financial planning for later life
SOLLA maintains a directory that allows individuals to search for accredited advisers in their local area.
Website:
https://societyoflaterlifeadvisers.co.uk
Regulated Financial Advice
When seeking financial advice, it is important to ensure the adviser is authorised and regulated.
In the UK, financial advisers must be regulated by the Financial Conduct Authority (FCA). The FCA maintains a register where individuals can check whether a financial adviser or firm is authorised to provide financial services.
Financial Conduct Authority
Website: https://www.fca.org.uk
FCA Register
Checking the FCA register helps ensure that the advice you receive comes from a regulated professional.
Finding Financial Advice
In addition to SOLLA, there are other organisations that can help individuals locate trusted financial advisers.
MoneyHelper (a government-backed service) offers impartial guidance on financial matters, including planning for care costs and understanding financial options.
MoneyHelper
Website: https://www.moneyhelper.org.uk
MoneyHelper brings together services previously provided by the Money Advice Service, Pension Wise and The Pensions Advisory Service, offering clear guidance on a wide range of financial topics.
Why Financial Planning Can Be Helpful
Professional financial advice can help individuals and families better understand their options and plan for future care needs.
Advisers may be able to help with:
Planning how care may be funded
Understanding financial products designed for later life
Managing assets and income to support care needs
Creating a financial plan that reflects individual circumstances
Having a clear financial plan can help reduce uncertainty and ensure individuals receive the support they need.
Supporting Your Care Journey
At Bluebird Care Bromsgrove & Redditch, we understand that arranging care often involves many important decisions. While we do not provide financial advice, we are always happy to help guide families towards trusted organisations that may be able to assist. If you are exploring care options for yourself or a loved one, our friendly team is here to help answer questions and provide information about the types of support available.
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