The government is set to impose a £95,000 "stealth tax" on inheritance to help pay for care for the elderly, according to the Sunday Times.
Symponia fears many people could unwittingly be paying for care fees twice over as a ‘significant' number of insurance policies remain unclaimed on.
The ABI has called for a national awareness campaign on the public's right to social care once the Care and Support Bill is published in the spring.
Financial advisers will be ‘centre stage' in the future long-term care system, according to the minister for care and support.
Partnership has outlined a minimum level of qualification for advisers engaging in long term care advice and is hopeful this will be enshrined in law.
The Government's social care system for disabled people is in crisis, with thousands struggling to eat or wash or leave their homes charities have concluded.
A casual observer could be forgiven for imagining that there was significant political momentum towards the delivery of a care funding solution. Chris Horlick is a believer.
The Government must review capital gains tax, winter fuel payments and pension credits in order to introduce and pay for a long term care lifetime cap of between £50,000 and £60,000 pounds, a report has suggested.
The Coalition Government is to insert clauses supporting the Dilnot recommendations into the care and support bill later this year.
Consumers are increasingly aware of how much a care home costs but unaware of funding issues, according to research.