Wiltshire Council scheme offers elderly care funding advice

A scheme has been launched in Wiltshire to help people plan their finances for care they may need later in life.

Wiltshire Council, in partnership with the Society of Later Life Advisors (SOLLA), aims to offer advice to older people about post-retirement options.

Around 65% of older people in Wiltshire fund their own care.

The council's James Cawley said he wants to help people make "informed choices" about funding care.
He said: "People tend to leave it to the last minute to have the conversation with loved ones about how to fund appropriate care in later life, and we want to encourage people to think a bit earlier and plan for that issue which will occur for everyone."

In association with SOLLA, the council will help elderly people and their families speak to accredited financial advisers who specialise in the financial needs of older people.

People will be advised on subjects such as equity release, long term and respite care options, annuities and investments and savings.

Mr Cawley said: "We want to work with people to say, here is a regulated, informed group who can give you advice."

Article taken from BBC News