View more on these topics

Coalition urged to collaborate with LTC providers

Partnership is calling on the Government to work in conjunction with insurance companies to fund long-term care.

In July, the coalition established an independent commission to advise it on affordable and sustainable funding of long-term care and support.
It is considering voluntary insurance premiums and a partnership model involving matched funding from the Government and will report back within a year.

Partnership director of corporate affairs Jim Boyd is calling for a partnership approach where a Government contribution is topped up by individuals via an insurance policy. He says: “If the Government makes a categorical statement that the world has changed, announces what the state will pay for and what individuals have to pay for, people will pay attention.”

A recent Policy Exchange report suggested the commission is considering allowing individuals to top up their Government contribution with an insurance product or annuity.

Policy Exchange head of health and social care Henry Featherstone says: “The annuity and insurance-backed partnership model is the best fit.”



EC considering 10-day reflection period for mortgages, says CML

The European Commission is considering a compulsory 10-day reflection period after a borrower has applied for a mortgage to encourage shopping around, according to the Council of Mortgage Lenders. In its fortnightly newsletter, the trade body says the reflection period is part of an initiative that will, if implemented, see a new European standardised information […]


PFS Conference: Suitability letters are failing to meet standards

Law firm CMS Cameron McKenna has warned advisers that their suitability reports are failing to meet FSA standards, which could open firms up to the risk of regulatory action. Speaking at the Personal Finance Society annual conference in Coventry today, CMS Cameron McKenna partner Simon Morris said he has seen many instances where suitability reports […]

Lloyds calls a halt on buy-to-let products

Lloyds Banking Group is to stop offering buy-to-let products via its intermediary channels through either Cheltenham & Gloucester or Lloyds TSB Scotland brands from September 25.

Banks’ annual gross mortgage lending falls 7.6% in August

Gross mortgage lending by banks reached £8.1bn in August, 7.6 per cent lower than a year ago, according to the British Bankers’ Association. Net mortgage lending at banks grew by 4.1 per cent compared to a year ago and currently stands at £2.5bn, and substantially ahead of the 1 per cent growth for the whole […]

Life cover for life

Jennifer Gilchrist Proposition Lead – Design, Royal London When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that way because before the arrival of RDR in 2013, that’s more […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment