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ABI calls for Govt unity on LTC proposals

The Association of British Insurers is calling on all political parties to agree on a move forward for long-term care for the elderly.

Following today’s news that the Government has proposed three options to be consulted on around financial aid for elderly care, ABI director general Stephen Haddrill says it is now vital that all political parties agree radical and enduring reform of how long-term care is paid for in the future.

The three options are a partnership service, a voluntary insurance scheme, or a possible compulsory ‘comprehensive model.

Haddrill says: “An ever-growing number of people need access to care every day, so reaching a settlement on long-term care funding is a growing priority.

“People can only make plans if they know what they are planning for. That is why we need consensus across the political spectrum for radical and enduring reform of long-term care funding.”


Lloyds completes intermediary review

Lloyds Banking Group has appointed Peter Curran as head of intermediaries for the group. It has completed a restructure of its intermediary proposition, with Phil Rickards as head of BM Solutions, Kevin Purvey as head of both Cheltenham & Gloucester and Scottish Widows and Ian Wilson heading Halifax for Intermediaries.

Model army

Recent comment has suggested that the life insurance industry’s business model is broken. Apparently, nothing short of closing to new business can save it.


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