Residential care fees are a hot topic at the moment, says Libby Holding, with increasing media coverage of people who have had all of their life savings and assets swallowed up by care fees in their later years…
Against the background of an ageing population – and an increasing awareness of the fact that more people are requiring care – the issue of residential care fees is often at the forefront of clients’ minds.
Subsequently, many are understandably concerned that the value of their assets will go towards paying for their care, rather than being passed to their children or loved ones, as they would wish.
SimplyBiz Group PLC (LON:SBIZ) provides compliance support and business consultancy services to financial services, legal and workplace benefits professionals in the United Kingdom.
