Warning for Older Australians and Their Families About Unlicensed Advisers

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Warning for Older Australians and Their Families About Unlicensed Advisers
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Older Australians and their families are being warned about the potential risks of seeking help from unlicensed and unregulated advisers when planning their finances for aged care.

Older Australians and their families are being warned to be careful about seeking the help of unlicensed and unregulated advisers and consultants when planning how to structure their finances to afford aged care .

She says aged care advice is often sought quickly, at a time when emotions of the person seeking aged care and their family are raw. There is a view by some aged care advisers and consultants that, as they are only giving “information” regarding the refundable accommodation deposit or daily accommodation payment, they do not need to be regulated.for those looking at options for aged care and information on associated costs. The website allows users to select a pool of aged care homes that can be ranked according to a government endorsed “star rating”, with the search limited to a particular area.

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