Independent financial advice

As you get older it's important to think about planning for later life, including any care and support you may need and how you may have to pay for this. You may also be currently paying for your care and would benefit from information on how to make your money work harder.

Why should I get independent financial advice?

Independent Financial Advisers can advise on how you can make your money work best for you to help cover any long term care costs.  It can be difficult making life changing decisions by yourself, so with the support and input of an independent adviser, you will be better placed to make a balanced and informed decision.

One of the advantages of getting advice from an independent financial adviser who has specialist knowledge is that they are able to assess your specific circumstance in full and can make sure you are claiming all the benefits and allowances you are entitled to as.

A financial adviser that is 'independent' is also able to advise on financial products from any provider right across the market. This means you should expect to receive the best advice and products to meet your circumstances and needs.

Is there a charge for receiving independent financial advice?

Although many advisers offer an initial free consultation, many will charge a fee or commission for subsequent consultation.  It is important you are clear from the outset about any charges you are likely to pay.

The Money Advice Service provide some key questions you could ask a financial adviser. 

How can I find an independent financial adviser?

The Society of Later Life Advisers (SOLLA) helps people to find Independent Financial Advisers who specialise in financial planning for later life.  All advisers on the database have to prove that they meet appropriate criteria and have the right qualifications before they are accredited by SOLLA.

Find a SOLLA registered adviser.

Other resources

Paying for Care offers advice on care costs and planning for care.  You can also search for local care fees advisers. 

The Money Advice Service was set up by the Government and it offers impartial money advice and information to help you make the most of your money.

Please note:

The London Borough of Camden cannot recommend any particular advisor or advice service and it is important that you satisfy yourself that an adviser is properly qualified to give advice. We cannot guarantee the quality of the services provided; you may wish to compare several or get a recommendation from someone you know. For independent legal advice contact the Camden Community Law Centre.

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