Chancellor Phillip Hammond announced a further £2bn for social care funding as well as a Green Paper on social care. Fiona Murphy rounds up post-budget views from financial services.
How to fund long-term care has been a question that has proved tricky for successive governments. Currently, care costs are unlimited for individuals meaning that many pensioners requiring care need to sell their homes to fund huge costs. Under Labour we have seen the Royal Commission on long-term care for the elderly in March 1999 and the Wanless review's Securing good care for older people in March 2006. The coalition government set up the Dilnot Commission's Funding of Care and Support review...
LV= has signed up to Synaptic's Multi-Benefit quoting service, enabling advisers to compare its multi-benefit and single benefit products and share the most suitable protection product with its clients.
Shepherds Friendly paid 97% of income protection claims during 2016.
The Association of Medical Insurers and Intermediaries (AMII)'s petition to scrap Insurance Premium Tax (IPT) on health insurance has been postponed due to the forthcoming 'snap' General Election.
Aetna International has launched a redesigned secure member portal, Health Hub, which offers members a one-stop-shop to manage different aspects of their health online.