Members must start conversations around later life and care funding, says CII

24 million adults underconfident about managing money

clock • 1 min read
Talking openly about money benefit overall health and relationships
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Talking openly about money benefit overall health and relationships

Members need to be proactive in starting conversations with family and friends about later life and care funding, according to the Chartered Insurance Institute (CII).

Talking openly about money can have a huge impact on tackling worries and is important for both overall health and relationships, says the professional body. The impact of Covid-19 has brought issues regarding later life resilience, financial, social and mental wellbeing, to the forefront, and consumers should be looking to engage with their peers and families on these topics. Last year, the trade body surveyed 2,000 consumers and found people who discussed care plans with their wider family...

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