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Louise Biti Louise Biti

Independent Review backs specialist designation for aged care financial advice

The distinction been information and advice when making aged care financial decisions has always mattered. A government review has now said so formally.

The Independent Review of Residential Aged Care Accommodation Pricing, makes a clear recommendation: financial advice on aged care should only be provided by licensed financial advisers who hold an aged care specialist designation.

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Louise Biti Louise Biti

How 1 November 2025 impacted aged care advice

A new Aged Care Act commenced on 1 November 2025, bringing increased rights for older Australians, a strengthened regulatory model, and changes to the contributions clients will be asked to pay for their care. For financial advisers, these changes require new knowledge and skills but also offer a business growth opportunity.

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