The majority (73%) of over-45s have not planned or spoken with family about care in later life and are confused about government policy, research from Just has found.
The sixth annual Care Report collected insights into public sentiment towards social care as the government begins work on a Green Paper due to be published in the first half of 2018. It pointed to disorganisation and confusion among the over-45s over care plans and recently announced government policy on funding residential care. More than two-thirds (67%) of the 1,088 over-45s sampled said they do not know the level of assets they can own before having to pay their own care costs, and more...
The Financial Ombudsman Service (FOS) will maintain its current funding model for the next financial year despite recognising it is unsustainable in its current form.
The FCA has confirmed that, while businesses will have to identify certified staff from day one under the Senior Managers & Certification Regime (SM&CR), they will have a year to complete fitness and propriety assessments.
Scott Cadger runs through the four most common reasons people give for not taking out critical illness cover - and some suggestions on how advisers can offer reassurance on each in conversations with clients
The Financial Ombudsman Service (FOS) has sought to provide clarity regarding any potential confusion over the products advisers should recommend to clients to cover a decreasing loan or mortgage.