Long Term Care

Several industry players have voiced concern over failures of perception raised by the Government announcement of a cap on long term care fees.

Peter Barnett examines the consequences of the Governments Long Term Care announcement

Friends Life is launching of a suite of online tools for advisers to assist them in advising clients on long term care solutions, particularly those receiving or about to receive care.

The government is set to impose a £95,000 "stealth tax" on inheritance to help pay for care for the elderly, according to the Sunday Times.

Health minister Norman Lamb is urging individuals that have privately paid for care in the past to claim for NHS care-funding eligibility before the looming deadline.

Advisers will "undoubtedly" leverage growing long-term care expertise this year to bridge professional connections with solicitors, SIFA has said.

Symponia fears many people could unwittingly be paying for care fees twice over as a ‘significant' number of insurance policies remain unclaimed on.

Labour has proposed a long-term care funding strategy whereby everybody will pay a compulsory charge, rather than just those needing care.

The ABI has called for a national awareness campaign on the public's right to social care once the Care and Support Bill is published in the spring.

Financial advisers will be ‘centre stage' in the future long-term care system, according to the minister for care and support.