Ageing population demands urgent investment in aged care

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The Intergenerational Report 2026 projects that the number of Australians aged over 85 will triple to 1.9 million by 2065–66. Lack of infrastructure is one of the aged care sector’s... Read more continue reading

It’s time advisers had ‘The Burden Conversation™’

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Planning for frailty and aged care must become a core part of the advice proposition, not an add-on that is only delivered during a crisis, with new data finding that... Read more continue reading

Government review endorses recognition of aged care advice provided by FAAA specialist advisers

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The Federal Government’s Independent Review of Residential Aged Care Accommodation Pricing[1] has endorsed the need for clearer boundaries between information and financial advice, with a recommendation that financial advice on aged care... Read more continue reading

Advice leaders call for urgent action on regulatory gaps in aged care advice

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Older Australians and their families are at significant risk of receiving “conflicted, inconsistent and inaccurate” advice on aged care from the growing number of unlicensed providers, exposing them to serious... Read more continue reading

Aged care reforms may raise cost of care and require advice

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Upcoming aged care reforms set to take effect from 1 July 2025 could significantly impact the financial position of Australians entering aged care, with important choices needing to be made... Read more continue reading

Aged Care Steps announces finalist for 2024 Aged Care Adviser of the Year Award

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Industry leader Aged Care Steps has announced the Finalists for this year’s ACS Aged Care Adviser of the Year Awards. Now entering its third year, the awards continue to recognise... Read more continue reading

Aged Care Advice – the consumer protection challenge

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The burgeoning aged care sector is one that financial advisers – directly or indirectly – will increasingly come into contact with. As our population ages, and longevity improves, most advisers will have a number of clients who are either using aged care services themselves, or who are making decisions about aged care on behalf of their parents or grandparents.... Read more continue reading

Federal Budget 2024-25: What happened for aged care?

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Despite the Aged Care Taskforce delivering its final report (on aged care financial viability and reform) in December 2023, the Government has delivered another Budget that has avoided making decisions... Read more continue reading

Aged Care Steps launches a consultation into the delivery and regulation of aged care advice

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Industry leader Aged Care Steps has launched a significant consultation project that explores how older Australians and their families access financial advice to support their aged care decisions. Driven by... Read more continue reading

Aged care taskforce: Looming changes ahead for aged care clients and financial advisers

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The Government released the final report from the Aged Care Taskforce on Monday 11 March. Louise Biti, Director at Aged Care Steps said, “this much-anticipated report recognises the demographic changes... Read more continue reading