The PFS took part in Talk Money Week, an annual awareness campaign coordinated by the Money and Pensions Service, by encouraging members to start a conversation with family and friends about later-life and care funding.
Talk Money Week aims to reduce the stigma around money by encouraging conversations among families and friends.
To kickstart these conversations, the PFS emailed 39,000 financial planning professional members asking them to read and share our Guide to Later Life: Starting the Conversation and arrange to speak with their own friends and family.
The PFS’s call comes after the professional body’s survey of 2,000 consumers in December 2020 found people who discuss later-life and care plans with wider family are reassured by talking about the issues and coming up with a plan.
To read the Guide to Later Life, visit: www.cii.co.uk/media/10126692/later-life-consumer-guide-c1.pdf