Long Term Care

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.

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.