The asset threshold over which individuals cannot access state help with long term care (LTC) bills has been frozen at £23,250 until 2013.
Poor knowledge of the system of lasting powers of attorney (LPA) has left many pensioners seeking long-term care facing delays and other problems, solicitors say.
Partnership has launched a consumer website offering details on all aspects of long term care (LTC) funding, from local authority assessments through to charity helplines.
Just 4% of the population has made firm plans to fund their future long-term care (LTC) needs while two thirds (63%) have not even considered the matter, according to ABI research.
Up to 250,000 people with dementia receive care and support that fails to meet their needs, resulting in 50,000 people being forced into care homes early, an Alzheimer's Society report has found.
The Department of Health's Commission on Funding of Care and Support has called for evidence and fresh perspectives on the future funding of care and support.
Private clients in care homes are charged more than those paying under local authority arrangements, a situation set to worsen, Partnership has found.
UK consumers are putting too much emphasis on price when insuring their lives, according to new research.
Individuals will be responsible for commissioning their own care services and managing their own care budgets, according to plans revealed by the government.
Over 20,000 pensioners were forced to sell their homes to pay for residential care last year, according to new figures out today.