Ministers are considering plans to encourage all workers to set aside a proportion of their wages each month to pay for their own future social care needs - a scheme similar to automatic-enrolment for pensions.
The plan is rumoured to be considered as part of a consultation document on the future of social care which is due to be published later on this year. AJ Bell senior analyst Tom Selby described the idea as "interesting", but said the major risk is that people would opt out, adding: "There would need to be some sort of incentive structure to encourage people to put money aside." Meanwhile former pensions minister and Royal London director of policy Steve Webb was more skeptical of the plans....
Jack Wild gives his take on the protection market as a 'new modern adviser.'
Medicash has provided financial support to The Hive Zone to enable the youth group to offer free membership and free meals across the school holidays.
Zurich, in collaboration with the Smith School of Enterprise and the Environment at the University of Oxford, has published the UK recommendations from its report, 'Embracing the income protection gaps challenge: options and solutions'.
The UK market for private medical cover flatlined in 2016 with 4.02 million policies covering 6.89 million lives in 2016, some 10.5% of the population, LaingBuisson has published.