Long Term Care

Symponia has called today's social care announcement "a clever pre-budget manoeuvre to create a seemingly positive headline and divert attention away from the ailing coalition, during Budget week."

The Government is ‘woefully underprepared' for the impact a rapidly ageing population will have on society and public services, a Lords Committee has warned.

PPI controversy, opaque financial services and lack of trust in the industry are key barriers to widespread apathy about insurance protection, pensions and savings, Zurich has warned.

Just Retirement has called on government to it make compulsory in the incoming Care and Support bill, that local authorities refer care funders to regulated financial advice.

The recent Government policy statement in response to the Dilnot Commission on the funding of care and support highlights problems when it comes to planning for care costs, Andy James explains.

Qualified advisers will be needed to advise older homeowners on the benefits of proposed deferred payment schemes from the Council versus options such as equity release, Baroness Greengross has said.

Tens of thousands of pensioners and people approaching retirement have been sold worthless ‘trust' schemes that promised to protect their home if they went into care.

HSBC has called for greater policymaker intervention on raising awareness of retirement income shortfall given "massive" long-term care cost increases.

The Dilnot report in July 2011 recommended a cap on individual care fee funding of £35,000 for individuals with assets of more than £100,000.

The government's plan to introduce a £75,000 cap on care costs in 2017 will by no means remove the burden on private payers and their families, according to Laing & Buisson.