Over 20,000 pensioners were forced to sell their homes to pay for residential care last year, according to new figures out today.
Partnership has warned the coalition government's spending review will have a ‘profound' effect on the funding of long-term care (LTC).
Cash strapped councils will increasingly shunt costs for long-term care to users and the NHS, according to Laing & Buisson.
The government has barely maintained its commitment to protect the NHS budget and increase spending over the next four years.
Research from National Friendly has revealed the severity of the escalating long term care issue, with most people unaware of their options.
IFAs are under-equipped to benefit from a looming explosion of interest in long term care products, says a market specialist.
Older people are overwhelmingly failing to plan for later life and haven't woken up to the impending care crunch, according to new research
Few people recognise the huge challenge of funding long-term care that faces them as greater responsibility is handed over by the State, warns Swiss Re.
The Life & Longevity Markets Association ("LLMA") is proposing a standardised framework for longevity indices.
The cost to the State of people running out of funds to meet their long term care costs will treble to £2.75bn in England alone over the next 20 years, according to Partnership.