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ABI presses on with care campaign

The Association of British Insurers is to lobby the Government to share the risk of long-term care with providers ahead of the political conference season.

One month after issuing its Safeguarding the Future report, the ABI is calling on politicians to look at plans for a third option alongside pre-funded LTC and immediate annuity needs.

Spokesman Jon French says one idea is a public/private sector partnership where the pro-vider takes responsibility for the policy for a set number of years, after which the Government assumes responsibility.

He says: “Once you have that degree of certainty established, we can start developing products. At the moment, there is no certainty over LTC.”

The Department of Health recently launched a six-month LTC debate. A spokesman says: “Funding is a vital part of this debate but it is not just about money. It is also a question of individual choice, enabling people to live as independently as possible for as long as possible.”

Symponia joint managing director Janet Davies says: “It could be the trigger the industry needs to rejuvenate the pre-fun- ded care fees planning market. We just need one pioneering company to take the plunge, others will be guaranteed to follow.”


Towry Law wins the lottery

Towry Law has been appointed by Camelot to offer financial planning advice to National Lottery winners. It joins a panel of professional firms which offer advice to winners of more than £250,000.

Le Beau hits out at ABI on IP sales

Le Beau Visage managing director Peter Le Beau has hit out at the ABI, suggesting that the trade body is not doing enough to encourage the sale of income protection.


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