Almost a fifth, (18%) of the over-50s expect to have to sell their homes if they become ill in old age and need to fund long-term care, research from MetLife has shown.
Just 4% of advisers feel they understand the newly introduced care cap completely, nor is it yet widely known about or understood by the public or long term care advisers, a new survey suggests.
Recently launched Family Building Society has linked with Chase de Vere and Key Retirement Solutions for later life planning referrals.
Advisers believe long-term care should be at the heart of retirement planning following the Budget overhaul of pensions, research for MetLife shows.
Promedica24, Europe's largest live in care provider, has found the idea of residential care is becoming less and less appealing with over two thirds (67%) considering a live in carer just so they don't have to go into a home.
Official statistics into the health and care of people aged 65 or over in England have found they over account for one in six of the population but one in two hospital bed days (54%).
Parliament has approved the Care Act 2014, ushering in significant reforms to adult social work.
British health and care provision must change to take account of a rapidly ageing population The King's Fund has cautioned.
Equity release specialist Stonehaven has been announced as the latest Ambassador of the Later Life Academy (LLA), the recently launched commercial and training organisation for later life advisers.
Later Life Academy (LLA), the just launched commercial and training organisation for later life advisers, has partnered with equity release legal specialists Equilaw.