Long Term Care

The middle classes should pay the first £35,000 of their old age care and be encouraged to take out insurance to cover costs, according to reports.

Failure to act on the Dilnot Commission would be 'catastrophic', according to the ABI, Society for Later Life Advisers (SOLLA) and other bodies in the long term care (LTC) sector.

Any new legislation implementing private sector involvement in supporting the welfare state will not happen until a potential second term, according to the ABI.

Southern Cross has been given four months to find a solution to its financial problems.

Southern Cross has announced it is to lose up to 3,000 jobs on the same day a report from Unison warned that other long term care companies may be in the same boat.

Leaders of the long-term care (LTC) private sector have urged the Prime Minister, Deputy Prime Minister and Labour leader to work together to build a consensus on how to fund care.

Government must stop penalising those who have already purchased insurance to fund long-term care (LTC) and make promises on nursing care to support the introduction of other related products, according to National Friendly.

Age UK has urged insurers to produce new financial insurance products to support the reform of the long-term care system.

Ranking people in affordability terms for long term care (LTC) would open the market to insurers actuaries have been told.

Long term care needs cannot be assessed by an estimation of meeting costs the International Longevity Centre (ILC) has said.