Long Term Care

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.

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.