Just Retirement and Partnership have announced a merger deal.
An amendment to the Care Bill mandating local authorities to refer people approaching care to regulated financial advisers - a proposal originally thrown out by parliament - is to be re-submitted in revised form for consideration by MPs.
Just Retirement has said it plans to enter the long-term care market within the next few months.
The "eye-opening" Office of National Statistics over-90s data has reinforced the need for regulated financial advice in long-term care, Just Retirement has said.