IFA Eldercare and equity release specialists Laterliving have signed a working relationship agreement in expectation of changes in the care funding system.
LaterLiving is an equity release specialist while Eldercare specialises in care fees planning. The firms reached an agreement in expectation of a government report, due July, recommending changes in the care funding system.
The two firms are to work together to provide a service to elderly homeowners who wish to receive care at home and are required to contribute towards the cost.
Commenting, Simon Chalk director of LaterLiving said; "Lord Warner is due to report on a recommended overhaul of the care funding system in July, with it being widely anticipated that he will suggest use of the home as a means of contributing towards spiraling care costs.
"With this in mind it will become essential for IFA's such as Eldercare involved in care fees planning to have an outlet for equity release advice. A working relationship will help ensure those receiving care at home are properly served."
Nicky Cave, MD of Eldercare, added; "In referring to a leading specialist like LaterLiving, we are pleased to have a trusted source of additional expertise to help our clients."
