Whilst the East Midlands should not be singled out as having specific or unique challenges ahead in terms of the provision of care and the needs of the care sector, the region is worthy of a special focus.
For this reason Streets Chartered Accountants and JMP Solicitors are hosting a special ‘over breakfast’ care sector event at Newark Showground on Tuesday 22nd September 2015. Commenting on the forthcoming event, Streets’ Marketing Partner James Pinchbeck, said: “Like most parts of the UK, the East Midlands is set to see a growth in population of the over 50s and increased life expectancy is set to increase significantly over the next 10 to 15 years.
“This in itself creates a host of challenges around capacity and provision, as well as issues for care home users and their families, over choice, demands and the ability to fund or meet the costs of provision. This seminar has come about as part of our work in supporting those operating in the sector and the needs of those requiring care. We hope that both providers and operators will benefit from the experience and wisdom of the speakers and the professionals engaged with and supporting the sector.”
Along with this background, only a matter of months ago on the 1st April, came the implementation of the Care Act 2014. As with any new legislation it can take time for it to be fully implemented, adopted or interpreted by those it affects.
When asked about the new Care Act, Stacey Jolly, Solicitor at JMP Solicitors and a guest speaker for the seminar, said: “The more studious or those with possibly greater resource or time to digest it may be more conversant with it. More realistic perhaps, is to assume that many still need to get to grips with it.
“As ever the devil is in the detail and the Act certainly gives rise to changes and issues that will affect the sector around aspects such as assessment and eligibility, deferred payment agreements and the treatment of family carers. It is therefore essential that those engaged in the sector become more fully conversant with the changes – certainly I will seek to outline these more extensively in my presentation.”
Joining Stacey in the lineup of presenters will be Robin Tindale, Managing Director at Tower House Wealth Management, which is part of the financial services offering at Streets Chartered Accountants. Robin, who is a Chartered Financial Planner and a member of the Society of Later Life Advisers (SOLLA) will look at the choices and approaches for those self funding their care provision.
Commenting on the funding challenges, Robin said: “All too often we find those looking at care provision either for themselves or a loved one are not fully au fait with the funding options to cover provision or even the cost of provision. The benefit of earlier consideration and financial planning cannot be stressed enough, with specialist advice and support giving rise to peace of mind for all those involved.”
Finally, the speaker topics will give consideration to the importance of health to the economic and social life of the area with guest speaker Andrew Brooks, Employment & Skills Team Leader at Lincolnshire County Council, who will refer to the Greater Lincolnshire LEP’s Care Sector Plan.
This seminar is free of charge and ideally suited for those engaged in the Care, Residential and Nursing Home sector, whether they are providers, owners, managers or part of a senior management team.