Deepak Jobanputra explains what advisers need to know about the ageing population
The delay to the introduction of the care cap represents a ‘golden opportunity' for advisers, Symponia has said.
The government's plans to cap care costs will be delayed until 2020, the government has revealed.
Social care budget reductions could lead to rising levels of unmet need a white paper from the International Longevity Centre-UK's Centre for Later Life funding has warned.
Two-thirds (66%) of advisers have said their clients are 'concerned' about the potential cost of funding long-term care, according to a survey by Blackrock.
The first set of provisions from the Care Act 2014 have now come into force so that all carers can now get assessments for their needs and support.
The Financial Conduct Authority's business plan has failed to calculated the Dilnot cap correctly Kay Ingram, divisional director of LEBC Group has warned.
The Health Select Committee has called for social care at the end of life to be made free to avoid people dying in hospital.
Symponia has described the UK-wide under-funding of homecare services for older people as ‘shameful' following the launch of a major report into the sector.
Advice about long term care (LTC) needs is expected by 27% of consumers to be covered as part of the Pension Wise service, research for Partnership found.