Life expectancy is on a steep upwards curve. Despite advances in medicine meaning we are living longer and healthier lives, our health is not something we can always control. In the UK, 850,000 people are currently living with dementia and is projected to rise to 1.6 million by 20401. It’s unlikely that there are many reading this who haven’t been affected by dementia in some way.

According to the Alzheimer’s Society, it is estimated 1 in 14 people over the age of 65 are affected by dementia, and the likelihood of developing the illness increases with age.

Dementia is caused by disease of the brain and symptoms include, memory loss or difficulty with thinking, problem solving or language. A diagnosis is obviously devastating for a family emotionally, but the financial impact shouldn’t be underestimated either. For the family, dealing with these situations can be stressful and the biggest support to people with dementia comes from help with basic daily needs such as washing, dressing and eating, rather than medical treatment available under the NHS. They become progressively dependent on what can be expensive personal and social care, with the cost being calculated by the Alzheimer’s Society at £100,000.

You might be surprised to know that as social care is means tested, anyone with assets (including a home) of more than £23,250 is often responsible for meeting these costs themselves. As a result, care needs and costs are spiralling, stretching the resources and finances of families and local authorities alike. Paying for residential care in care homes is expensive. Research from Age UK from 2016/17, estimated the average cost of residential care in London to be £741 per week2. Organising care support in your home might be a cheaper alternative, if appropriate.

It is important people plan not only what should happen in the event of their death but also what should happen in the event they were to lose mental capacity and were no longer able to make key decisions for themselves. A Lasting Power of Attorney enables you to appoint someone you trust (a spouse, partner, family member or close friend), so they can take control of your finances on your behalf, in the event you were to lose mental capacity. If no power of attorney is in place, a spouse, partner or family member will have to apply to the Court of Protection to become a deputy.

This can be a long and costly process. There are two types of Lasting Power of Attorney, one covering health and welfare and the other covering property and financial affairs. You have the option of applying for one or both depending on your needs.

It is also important to have a will in place and to be kept up to date to reflect any changing circumstances. If no will is in place, the estate will be shared out according to the rules of intestacy, which may not follow your wishes.

You could consider organising a file with the key details of your financial affairs, key contacts and other information that could help someone help you. Please make sure your family or attorney knows where to find it.

Holden & Partners are experienced in advising and helping families through difficult times and putting a plan in place to manage their financial affairs. We work with legal specialists who handle wills and lasting power of attorney to help make things a bit easier. Working this way ensures you financial affairs are looked after, and you are prepared for whatever the future brings.

Content of the articles featured in this publication is for your general information and use only and is not intended to address your particular requirements. They should not be relied upon in their entirety and shall not be deemed to be, or constitute, advice. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of any articles. Thresholds, percentage rates and tax legislation may change in subsequent finance acts.




My wife and I really value the advice and support we’ve received over many years. Our key contact is Tim Cosway, whose friendly and calm manner is a real plus. He also involves team members who are equally committed. We particularly value that their approach is that no question is stupid – we always receive a clear and helpful explanation. We have full confidence in the team’s management of our finances and definitely recommend them.


We have consulted Holden and Partners for 10 years.  Having been in financial disarray because of poor advice from our previous financial advisor, we have Tim Cosway to thank for digging us out of a deep financial hole.  As a result of his painstaking tenacity pursuing a claim against our former financial advisor through the Financial Ombudsman Service, which resulted in substantial compensation, we can anticipate a comfortable retirement.  We continue to take Tim’s advice on all financial matters.  He is a pleasure to deal with, and we whole heartedly recommend Holden and Partners, and Tim in particular.

Mike & Jacque

I have been a customer of Holden & Partners since its inception. During this time, no matter what the state of the financial climate, I have always found that their advice has been balanced and fair. They have a good understanding of everyone’s individual circumstances and produced tailored strategies to match these needs and expectations.

Duncan B, NHS consultant

I’ve always received high quality, personable advice at a time of my convenience. My adviser has often travelled to my home in order to provide very personal service. The advice given is clear and unambiguous. The risks of different types of investment have been clearly discussed to allow me to make an appropriate decision on the nature of my investment portfolio. This has been of great importance when considering the available investment options for my forthcoming retirement. I have always considered that Holden & Partners is very client centred and they have my best interests at heart. I have been with Holden & Partners since 1996 and have recommended them to friends and colleagues on many occasions.

Michael, Surgeon

Holden & Partners manage our company pension scheme with a totally professional and dedicated approach. They have worked with us over a number of years, and are able to explain the potential ‘minefield’ that is pensions, to make it perfectly accessible for the staff.

Jeremy, Print Management Partner

On retirement after 40 years of salaried employment, I interviewed several financial advisers, amongst whom Mark Dodd of Holden & Partners was the nicest and seemingly the most understanding of my investment needs and priorities. Since then my wife and I have had regular (c.6-monthly) meetings with him in order to check and, when necessary, adjust the holdings in our portfolio. This has been very helpful and provided a comforting sense of confidence and security. I have recommended Holden & Partners to others and will certainly continue to do so.

Patrick, retired university professor

It’s easy to feel powerless in the face of global trends such as climate change and environmental destruction. But I feel I regain power as a consumer and a citizen by thinking about where I spend my money and to whom I entrust my savings. I chose Holden and Partners because they were recommended to me and because of their strong track record in ethical investments. It has proven to be a wise choice. Their advisors listened carefully to my needs and created an investment strategy and portfolio that has met and indeed continues to exceed my expectations. The culture of a company also matters to me, I have found their advisors to be well informed and financially shrewd but also easy to speak to and engage with. Many of us find it difficult to trust institutions and organisations these days, but I do trust Holden and Partners to make the right decisions on my behalf.
I would have no hesitation in recommending them to others.

Patrick, Advertising and Marketing Consultant

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