The delay to the introduction of the care cap represents a ‘golden opportunity' for advisers, Symponia has said.
Social care budget reductions could lead to rising levels of unmet need a white paper from the International Longevity Centre-UK's Centre for Later Life funding has warned.
The first set of provisions from the Care Act 2014 have now come into force so that all carers can now get assessments for their needs and support.
The Financial Conduct Authority's business plan has failed to calculated the Dilnot cap correctly Kay Ingram, divisional director of LEBC Group has warned.
Partnership has responded to the figures from the union GMB showing that 10% of those in care will live long enough to activate the Dilnot cap.
Consumers may have to spend all or more of the value of their home before reaching the level of the care cap, research from Partnership has found.
The existing arrangements for health and social care should be replaced with a single structure, an independent review has urged.
Just Retirement has called on government to it make compulsory in the incoming Care and Support bill, that local authorities refer care funders to regulated financial advice.
The Dilnot report in July 2011 recommended a cap on individual care fee funding of £35,000 for individuals with assets of more than £100,000.
Labour has proposed a long-term care funding strategy whereby everybody will pay a compulsory charge, rather than just those needing care.
Dilnot proposals will ease the long-term care funding gap but it will not remove it as a record number of care homes residents are continuing to pay for their own care, Laing & Buisson has stated.
The ‘real cost' for elderly care could be over £200,000 if government raise the care cap to £75,000, warns Partnership.
Since Andrew Dilnot published his Fairer Care Funding report in July 2011, much has been written and said about it by the press, by charities and by politicians on all sides.
Advisers should be asking about elderly parents in client fact finds, Partnership has said.
There has been very little clarity or certainty over funding in the social care White Paper response to the Dilnot report. What does this mean for financial services and its ability to support the gaping funding hole?
Coverage of the Government's response to the Dilnot Commission Report has been pretty negative because it has delayed a decision until the nest comprehensive spending review -Good says Richard walsh
The answer to long-term care funding issues is ongoing with the Dilnot review central to industry debate. The FSA has published final guidance stating a qualification in long-term care will not be required of independent intermediaries post-RDR - what...
The elderly and their families need to seek professional advice on long-term care funding, Partnership has urged.
Advisers and self-funders can be confident that the importance of long-term care financial advice has been recognised by the government, Partnership has stated.
The social care white paper has disappointed financially and offered no fresh approach, Symponia has stated.
The white paper response to the Dilnot report will be a vital opportunity for all sectors to get involved, Baroness Greengross said ahead of its publication today.
An alliance of long-term care groups and campaigners has created a six-point plan calling for urgent and significant reform of the country's "unfair system".
Failure to reform the long term care (LTC) system could force the closure of parks, libraries and public toilets the leaders of every major council in England and Wales have warned.
Nearly three quarters of advisers (71%) believe providers should create new prefunded long term care products, but more IFAs need to advise in this sector, a free Defaqto research paper has found.