Long Term Care

The "eye-opening" Office of National Statistics over-90s data has reinforced the need for regulated financial advice in long-term care, Just Retirement has said.

Delivering his Budget to a rowdy House of Commons, the Chancellor promised tax breaks for the workplace and brought forward a lower care cap of £72,000 to 2016.

Chancellor of the Exchequer George Osborne has brought the social care spending cap forward to 2016 to protect funding above £72,000.

Joint committee recommendations for a clause stipulating the importance of financial advice in the Care and Support Bill has the potential to transform the advice market, Partnership has said.

The Care and Support Bill should stipulate that local authorities must recommend regulated independent financial advisers, to care funders a joint committee has recommended.

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.