The Australia Securities and Investments’ (ASIC) survey showed significant demand for aged care planning, bringing into question if advisers were prepared to handle the demands of the specialist area. Money Management article. Read the article

SMSF advisers will need to change the way they approach portfolio construction and the advice process for retired fund members, as aged care costs in the latter stages of retirement are likely to exceed a typical self-funded retiree’s pension income, according to an aged care consulting firm. Read the article.

Having enough money for retirement is always at the forefront when it comes to retirement planning but there are finer details. Money Management article featuring Aged Care Steps. Read the article  

Recent discussion in the media has suggested that the dollar amount needed for a comfortable retirement has been overstated. While it is true that many of us can get by in our retirement with less than the often-quoted recommendation of ‘at least a million dollars in super’, there are significant costs associated with ageing that are regularly overlooked in traditional retirement planning – costs incurred during the frailty years.

A whitepaper has called for a new approach to retirement planning as the Financial Adviser Standards and Ethics Authority’s Code of Ethics requires advice to address likely future needs. IFA article. Read the IFA article      

Financial advisers will be required to give greater consideration to aged care planning to meet new requirements within the mandatory industry-wide code of ethics, according to an aged-care specialist. SMS Magazine article. Read the article below.

Article written for the Australian Financial Review. Both provide supportive environments for older people, but their contrasts include the level of care and government subsidies. Click here to read the article.

Professional Planner article on the FASEA practice exam which is based on an aged care client scenario.  

At a time when many have described the financial advice sector as reeling, and some advisers are saying they feel depressed and afraid about the future, there’s a good news story emerging from the wreckage – aged-care advice. The white knight of the financial advice industry may not be overtly sexy, but it’s steady, reliable […]

When structuring a client’s retirement portfolio and calculating their retirement adequacy, planners should not only consider longevity and sequencing risk, but also their client’s fragility risk. Read the full article