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Wills Financial Consultancy

Provides Financial Advice to clients on issues such as, Care Funding in the Home, Residential Care Funding, Income in Retirement, Retirement Planning, Inheritance Tax Planning. These areas will be determined after a review of the client’s situation where, working with the client and or family/attorneys, an action plan will be put in place. The action plan will also recommend third party involvement, usually, Solicitors or Will Writers where Lasting Power of Attorneys may need to be draw up or used by the family or a Will may need to be drawn up.

Updated:
18 May 2015
Location:
Yorkshire and Humber
Sectors:
Finance
Local Alliances:
Wakefield and Five Towns Dementia Action Alliance, Yorkshire & Humber Dementia Action Alliance

1. Action Plan

1. The National Dementia Declaration lists seven outcomes that the DAA are seeking to achieve for people with dementia and their carers. How would you describe your organisation’s role in delivering better outcomes for people with dementia and their carers?

My organisation operates as a member of the Society of Later Life Advisors (SOLLA). SOLLA is a not for profit organization who provide financial products and services to the later life market.  SOLLA is independently audited and endorsed by the Financial & Legal Skills Partnership.

By working with people with Dementia, their family or Attorneys I help to ensure that the financial advice given is holistic and often involves third parties such as legal services, accountancy services and agencies.

I have recently become a Dementia Friends Champion.

2. What are the challenges to delivering these outcomes from the perspective of your organisation?

The main issues are around changes in legislation and the effects these have on clients.

 St. James’s Place provides a supportive environment and has set guidance for working with Elderly and Vulnerable clients which forms part of the membership of SOLLA.

This is an ongoing process.

Member website

www.willsfinancial.co.uk

2. Actions

  • Provide Financial Advice that adheres to the standards set by the Society of Later Life Advisors

    Description:      Business will be conducted with the utmost good faith and integrity, dignity and respect, being mindful of the well-being of my clients and their family and Attorneys/Representatives at all times. Any advice focuses on the needs of the clients but the family and Attorneys are included, where the clients wish this to happen.

     

    Actions - Individual advisers need to apply annually for re-license until the end of the 5 year accreditation period, at which time the full accreditation process is repeated.

    Status:
    Delivery

    2015 - Second Quarter Update

    New member

  • Refer clients to third parties that can provide further advice

    Description:  Where areas are highlighted that advice is required that cannot be provided myself that I introduce providers who will also give clients the same level of service and respect that I would give myself.  

    Actions – To develop a network of third parties who can provide complementary services but in a way that shows integrity, dignity and respect, being mindful of the well-being of my clients and their family and Attorneys/Representatives at all times

    Status:
    Planning

    2015 - Second Quarter Update

    New member

  • To continue developing my awareness of Dementia and its impact on clients.

    Description:   By increasing my knowledge and understanding of  Dementia I will be better placed to understand the needs and service that a client, family member or Attorney requires.  

    Action - This will be through attendance of Dementia Alliance Meetings and meetings arranged by SOLLA , the Personal Finance Society and third parties.

    Status:
    Implementation

    2015 - Second Quarter Update

    New member

  • To develop relationships with other Dementia Friendly Organisations

    Description:   By understanding the actions of other Dementia Friendly Groups will improve the services and support I can offer to my clients.  

    Action - This will be through attendance of Dementia Action Alliance Meetings and arranging additional 1-2-1’s with other members of the Dementia Action Alliance.

    Status:
    Implementation

    2015 - Second Quarter Update

    New member