Long Term Care

Later Life Academy (LLA), the just launched commercial and training organisation for later life advisers, has partnered with equity release legal specialists Equilaw.

New initiatives around funding long-term care will likely benefit only high-net worth consumers, while less wealthy people will still end up selling their homes to fund care, Zurich has suggested.

Just Retirement has launched an ‘immediate needs' annuity for people facing long-term care costs.

Symponia has applauded the ABI's commitment to building long-term care (LTC) products but warned providers must consult with specialist advisers to ensure they are fit for purpose.

Aegon has given its ‘warm support' to the joint industry and Department of Health Statement of Intent on long-term care (LTC) funding.

The ABI and Government have signed a joint Statement of Intent setting out steps needed to help people understand their long term care costs and plan to ensure adequate funding.

The shadow minister for care and older people Liz Kendall has warned of a ‘misinformation scandal' in the delivery of long-term care advice.

Advisers have stressed they are keen to become more involved in long-term care (LTC) advice, with a desire to be included in council referral lists, Association of Professional Financial Advisers (APFA) research finds.

Independent Age, the older people's charity, has opened a freephone number for a new advice service.

Pensioners could have to pay out £150,000 on long-term care before the government will step in, according to the Labour party.