Independent financial advice
Independent financial advice
If you have savings, property, investments or other assets, it’s important to make sure your money goes as far as possible and allows you to plan and make choices for your care and support in the future. We recommend that you get independent financial advice, including professional financial advice.
There are different organisations and services that can give you general financial advice, including local and national charities. There are also professional independent financial advisers that are regulated by the Financial Conduct Authority (FCA), the official regulator of financial services in the UK. The FCA keeps a list of these advisers.
What type of adviser do you need?
Some professional advisers specialise in advice about funding care, and they must have passed a specific qualification to do this. These are sometimes called ‘specialist care fees advisers’. When choosing an adviser, you will want to be sure:
- They are qualified and experienced in the type of advice you need
- How the advice is paid for (e.g. you might pay the adviser, they might receive commission, or a mix of the two)
- What the cost is and what’s included in the cost
- That you fully understand the terms of any agreement with the adviser
Find out more from the organisations and services below.
5 Records in Independent financial advice filtered by Key words "money and benefits".
Disability and Social Care Advice Service (DASCAS)
Battersea Library 265 Lavender Hill London, SW11 1JB
Telephone: 020 7978 7306
Description: DASCAS is now part of the Citizens Advice Wandsworth, they provide independent advice to residents living in Wandsworth borough about benefits and services available to people with disabilities, and the relatives and friends who care for them.
Financial Conduct Authority (FCA)
Telephone: FCA consumer helpline: 0800 111 6768, or The Money Advice Service: 08001387777
Description: The FCA, the regulator of UK financial services, maintains a searchable register of financial advisers and services and provides impartial information and guidance on money matters through its consumer helpline and website.
18 Avonmore Road, London, W14 8RR
Telephone: Freephone line on 0800 319 6789 - Monday to Friday 8am to 8pm, Weekends and bank holidays 9am to 5pm
Description: Older people’s charity, Independent Age provides free information and advice for older people and their families on care and support, money and benefits and health and mobility, along with friendship services to relieve loneliness.
Society of Later Life Advisers (SOLLA)
Telephone: 0333 2020 454
Description: SOLLA is a not-for-profit organisation that helps people who are seeking advice in later life - it maintains a list of accredited advisers that specialise in later life financial advice.
The Money Advice Service
The Money Advice Service, Holborn Centre, 120 Holborn, London, EC1N 2TD
Telephone: 0800 138 7777or Typetalk: 18001 0300 500 5000
Description: The Money Advice Service is a free, independent advice service which was set up by the government - it provides advice about many things, including about care, planning for the future, and funding and paying for care.