People in the UK are underestimating the cost of elderly care by £7bn each year, according to Scottish Widows think tank the Centre for the Modern Family.
On average UK adults estimate care costs to be £549 per week, however in reality costs are more like £866 on average for a place in a nursing home, the body said. The pension provider said the deficit could be "significantly higher" in reality, as one in four people admitted they had no idea how they would cover the cost of care for themselves or a relative. Just 15% of people are saving money on a monthly basis to pay for their own care but almost half (49%) of those surveyed said they avoided...
There will be no further increases to Insurance Premium Tax (IPT) this year, the Autumn Budget 2017 has revealed.
The government will immediately give NHS trusts £350 million to allow them to plan for the winter, Chancellor Philip Hammond has announced in the Autumn Budget.
British Friendly has introduced an online Adviser Toolkit to encourage income protection sales.
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.