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Charity attacks LTC delays

The Government&#39s delay in deciding how to fund long-term care has been attacked by the Help the Aged charity.


Last week it was announced further work was needed before changes could be made following a series of set-backs on the project by the Royal Commission.


The financial services industry welcomed the promise of discussion on how to make insurance products that fund long-term care more desirable.


The industry is pressing the Government to alter annuity rules so individuals can draw on their pension fund to pay for long-term care. So far only 30,000 such products have been sold.

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