Not everyone needs independent financial advice. But some people do need it to help them make plans for later life, including to give them as much choice as possible when it comes to the social care arrangements they might require in future.
In just the same way that not everyone needs financial advice, not everyone is allowed to give financial advice. The word ‘advice’ has different meanings in different contexts, but in the context of money, giving advice is a ‘regulated activity’. Only firms that are regulated by the Financial Conduct Authority (FCA) can offer it and recommend regulated financial products.