The care and support bill will "almost certainly" include a compulsion to offer independent financial information and advice for long term care (LTC) needs, Partnership has said.
Chris Horlick, managing director of care at immediate needs annuity provider Partnership said: "We have had heavy hints that the speech will almost certainly include the requirement for financial advice.
"We would guess that this time next year it will be on the statute books, with an explicit clause on financial advice."
The Queens speech on 8 May is expected to follow the recommendations of the Joint Committee on the Care and Support Bill.
The report of the joint committee has recommended that: "The draft Bill should make clear that "information" and "advice" include financial information and advice, and that local authority services should recommend financial advisers only if they are regulated by the Financial Services Authority."
It added: "We consider... the particular need for financial advice when a person in need of care and support enters into a deferred payment agreement with a local authority and in the case of third party top-ups."
However, Partnership noted that the bill would rely on Local Councils implementing the law in time. Horlick said: "This places acute pressure to deliver on local councils. Some will and some won't make the deadline, but we will muddle through.
"They have a lot to do and will need to put systems in place for deferred payment, a mechanism for assessment and monitoring among others."
He also revealed that at a dinner this week with chief executives representing UK insurance providers, the secretary of state for health, Jeremy Hunt, urged providers to consider deeper engagement with the long term care market.
