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ABI wants Turner-type probe for LTC

Long-term care should be the next subject of a Turner-style inquiry to tackle future welfare problems, says the ABI.

Speaking at the FSA asset management conference, ABI director general Stephen Haddrill said the issue needed to be tackled with the same amount of effort that the Government has put into pensions.

Earlier this year, a review into LTC by former Government adviser Derek Wanless called for an end to means-testing and a new universal funding scheme split between the individual and the state.

The report, for The King’s Fund thinktank, said demand for resources in LTC will reach £30bn a year by 2026.

Wanless was taken on by the Government to advise the Treasury on next year’s comprehensive spending review which will set the scene for future public spending and have a knock-on effect across the welfare sector.

Haddrill said: “We need to look far more seriously at long-term care. We might want to get Adair Turner back in the next couple of years. It is a very important issue that needs more focus.”

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