Partnership has called for a greater promotion of equity release and annuities, as it finds 41% of over 45s would use property sales or rentals to fund care.
Partnership's managing director of care Chris Horlick told MPs that the long-term care debate has moved on, as he gave evidence at an independent committee on long-term funding.
The annual cost of long term care (LTC) in the UK is expected to rise from £26,000 per person per year to £33,000 by 2025.
Consumers remain confused about how they should best plan for their future care needs, the Actuarial Profession has concluded.
Our health and the health of our loved ones is by far the most important thing to us. If we were to turn the clock back a hundred years, sadly, not as much could be done to look after it. Prior to penicillin, almost no-one felt there was anything that...
The Government's overhaul of the long term care sector has been delayed at least 18 months, according to papers seen by the Financial Times.
Private companies are to bid for contracts to run all aspects of people's long term care (LTC), including medical care, at six pilot sites, under a new Government scheme.
Failure to reform the long term care (LTC) system could force the closure of parks, libraries and public toilets the leaders of every major council in England and Wales have warned.
The majority of the population is significantly overestimating the risk of needing long term care and want an alternative to residential care, according to research by Audley Retirement.
Nearly three quarters of advisers (71%) believe providers should create new prefunded long term care products, but more IFAs need to advise in this sector, a free Defaqto research paper has found.