We are pleased to share that Just Live-in Care recognises the work of the Society of Later Life Advisers (SOLLA).
For individuals and families exploring live-in care, one of the biggest questions is often not just what care is needed, but how it will be funded. Planning for care can feel overwhelming, particularly when decisions need to be made quickly or during an already emotional time. We aim to help families access trusted sources of support when they are navigating later life decisions, including signposting to organisations such as SOLLA.
SOLLA is a not-for-profit organisation that helps older people, their families and professional contacts find accredited financial advisers who understand the financial issues that can arise in later life. It was established in 2008 and focuses on raising standards, improving access to specialist advice and helping people make informed choices around later life finances.
This is especially important when care needs begin to change. Many families are unsure what options are available to them, whether they may be entitled to any support, or how best to structure finances to pay for care at home. SOLLA-accredited advisers specialise in later life planning and can help people understand areas such as funding care in your own home, retirement planning, pensions and annuities, equity release, savings and investments, and tax or estate planning.
For families considering live-in care, speaking to the right financial adviser can make a real difference. A specialist later life adviser may be able to help you:
- Understand the likely costs of care and plan ahead
- Review income, savings and assets
- Explore the most suitable way to fund care at home
- Consider longer-term planning for a spouse or family
- Make informed decisions with greater confidence and clarity
SOLLA states that all financial advisers listed in its directory have voluntarily undertaken a robust accreditation process, and full members must achieve Later Life Adviser Accreditation and follow a code of practice. Advisers listed by SOLLA are also regulated financial advisers, which can offer additional reassurance for families looking for trustworthy, specialist support.
It is important to note that SOLLA members are independent, regulated financial advisers operating as individual businesses. They are not part of, or directly linked to, Just Live-in Care.
It is also helpful to understand the difference between guidance and advice. Guidance can explain general options but does not recommend specific products or solutions. Regulated financial advice, on the other hand, looks at your individual circumstances and provides tailored recommendations. SOLLA explains that advisers should set out their costs clearly at the start, and fees may be charged in different ways, such as a set fee, hourly rate, monthly retainer or a percentage of money invested.
At Just Live-in Care, we know that arranging care is about much more than choosing a service. It is about making sure the whole picture is considered, including wellbeing, independence, family wishes and financial sustainability. As part of supporting families through this journey, we highlight trusted organisations like SOLLA that can provide specialist financial expertise where needed.
If you are looking into live-in care for yourself or a loved one and would like guidance on the next steps, our team is here to help. We can talk through your care needs and, where appropriate, help you identify useful sources of specialist later life financial advice alongside your care journey.
Discover more about SOLLA here: https://societyoflaterlifeadvisers.co.uk/about