HSBC buys care fees adviser


Posted on July 1st, by editor in Caring Times. No Comments

NHFA, formerly known as the Nursing Home Fees Agency, has been acquired by the banking group HSBC. NHFA, which had gross assets of about £900,000 at July 1, 2005, provides financial and legal advice to elderly people about to enter residential or nursing home care or in need of long-term care at home. Free services provided by NHFA cover care home selection and all state-related benefits and services. NHFA derives income from those customers seeking advice on private financial services. Tony Hope, group general manager of HSBC Insurance, said his company sought to develop its service offering for long-term care. “The acquisition of NHFA , the leading practitioner in the UK market, brings HSBC a new range of services,” Mr Hope said. “It also forms part of the bank’s strategy of evolving its range of later life services to fit with the extraordinary changes over recent years in customer needs and desires identified by our ‘Future of Retirement’ study.” NHFA managing director Philip Spiers said it had been deci





Comments are closed.


Latest blog posts

It’s a hard, hard world

By Caring Times editor GEOFF HODGSON

A recent survey has found that 63% of the general public believe the NHS provides social care and 42% think...

Sign-up and pay, or perhaps pay more

By Caring Times editor GEOFF HODGSON

There are powerful arguments why carers working at night in small specialist care facilities should be paid their full hourly...

The parallel universes of social care

By guest blogger JOHN BURTON

The Care Quality Commission’s adult social care ‘productivity’ dipped in August and for the umpteenth time the 90% target of...