Advisers and self-funders can be confident that the importance of long-term care financial advice has been recognised by the government, Partnership has stated.
Its statement has been in reaction to yesterday's Local Government All Party Parliamentary Group report: Care now and for the future.
Chris Horlick, managing director of care at Partnership, said the cross-party report recommendation about financial information and advice mirrored the emphasis placed on care advice in last week's Social Care White Paper.
He said: "The 40% of people who have to pay for their social care can take confidence that the government and the Local Government Parliamentary Group recognise how important it is for them to receive financial advice to fund their care fees.
"Access to appropriate financial advice is critical for self payers. Of the 53,000 self payers who entered residential care in 2009, only 7,000 received appropriate financial advice. It is hardly surprising that one in four are estimated to deplete their capital and fall back on the state."
The cross-party research for the Local Government Inquiry behind the document showed a social care funding gap of 4.4% each year.
It concluded that an agreement on care funding must be reached in the life of the current parliament.
And it identified a roadmap of practical reforms to prevent the social care system being placed on the ‘critical list'.
