Long Term Care

The number of elderly people needing care will ‘outstrip' the number of adult children being able to provide informal care by 2017 and will put further pressure on funding, an Institute for Public Policy Research (IPPR) has warned.

British health and care provision must change to take account of a rapidly ageing population The King's Fund has cautioned.

Equity release specialist Stonehaven has been announced as the latest Ambassador of the Later Life Academy (LLA), the recently launched commercial and training organisation for later life advisers.

The standards required of independent financial advisers in relation to long-term care are ‘simply not high enough', a Labour peer has warned.

Later Life Academy (LLA), the just launched commercial and training organisation for later life advisers, has partnered with equity release legal specialists Equilaw.

New initiatives around funding long-term care will likely benefit only high-net worth consumers, while less wealthy people will still end up selling their homes to fund care, Zurich has suggested.

Just Retirement has launched an ‘immediate needs' annuity for people facing long-term care costs.

Symponia has applauded the ABI's commitment to building long-term care (LTC) products but warned providers must consult with specialist advisers to ensure they are fit for purpose.

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.