eprivateclient

Britons more likely to ask friends and family about care home fees – despite 70 percent of population not knowing themselves

News Team, 09/05/2019

The British public are more likely to ask Google or family and friends about care home fees than seek professional advice, despite 70 percent admitting they do not know the average annual cost of a care home.

Later life specilaists at law firm Irwin Mitchell Private Wealth are stressing the importance of checking care home contracts after its own research found 46 percent of 2,100 respondents would ask friends and family about advice on care home fees, when 70 percent of the same respondents admitted not knowing the average annual cost of a care home.

The second most popular response was asking a search engine at 33 per...


Continue reading this article...


Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@eprivateclient.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM

Subscribers

eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more