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

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