Long Term Care

Aegon has given its ‘warm support' to the joint industry and Department of Health Statement of Intent on long-term care (LTC) funding.

The ABI and Government have signed a joint Statement of Intent setting out steps needed to help people understand their long term care costs and plan to ensure adequate funding.

The shadow minister for care and older people Liz Kendall has warned of a ‘misinformation scandal' in the delivery of long-term care advice.

Advisers have stressed they are keen to become more involved in long-term care (LTC) advice, with a desire to be included in council referral lists, Association of Professional Financial Advisers (APFA) research finds.

Independent Age, the older people's charity, has opened a freephone number for a new advice service.

Pensioners could have to pay out £150,000 on long-term care before the government will step in, according to the Labour party.

An IFA has joined forces with a care provider to provide an independent advice service for those seeking home care.

Live-in care at home is still ‘being overlooked' as a realistic option for elderly people who need long-term care, according to Symponia.

Councils will experience a "surge of enquiries" as over 320,000 people contact them for assessments as the care cap is introduced, Partnership has warned.

Partnership's new business sales for its care products have fallen by 35% due to the Retail Distribution Review (RDR) and 'uncertainty' over the care cap.