With the first elements of the Care Act 2014 introduced in April, the biggest shake-up of the care system is underway. But while the Act is designed to make the funding of care fairer, it remains a highly complex area.
These complexities make financial advice a must and, as a result, we believe that specialist care fees advice will be a key growth area over the next few years. Understanding the new rules and building expertise in this area will enable advisers to take advantage of the opportunities the Care Act 2014 presents.
So what’s changed this April?