View more on these topics

Dementia gap in LTC funding

IFA Care is urging the industry to design dementia-only policies to bridge the gap in the Government&#39s funding proposals which outline what long-term care costs it will meet.

People suffering from dementia may have to foot the bill for their care because the Government&#39s funding proposals do not cover the condition.

The Alzheimer&#39s Society says the lack of funding for dementia is a major concern and it is campaigning for the Government to change its mind.

IFA Care chairman Graham Fidoe says: “This is one of our major concerns because it would cover a large number of clients who suffer from dementia.

This is extremely serious. We could see providers coming out with dementia-only policies to cover this area.”

The Government proposes paying for nursing care but not personal care for people living in residential homes.

It has yet to define what nursing care is, which has left the industry unsure how to design LTC products.

A Department of Health spokeswoman says people will be subject to an assessment when they enter a home to determine how much of their care costs will be paid by the Government.

Dementia is a broad term covering Alzheimer&#39s Disease and other degenerative diseases affecting the brain.

Alzheimer&#39s Society campaigns officer Ruth Berry says: “People with Alzheimer&#39s are really going to miss out because they quite often suffer from a slow and steady decline rather than a sudden decline in health.”

Recommended

Stewart Ritchie – Pensions Development Director Scottish Equitable

Those who have thrown their hats in the air after the Chancellor’s MFR announcement should perhaps read the small print before they break open the champagne.The government’s decision to abolish MFR has a major sting in the tail. In order to make sure that defined benefit scheme members do not have their security reduced, the […]

Investor confidence down last month

Investor confidence fell in February to 63 per cent of its level in March 2000, according to figures published by Chase Fleming Asset Management.The data shows investor confidence has declined consistently since May 2000, apart from an upturn in confidence at the end of the year.But the latest results still shows 28 per cent believe […]

Persistency changes to boost stakeholder

The FSA is planning to overhaul its persistency regime in a bid to allow stakeholder to appear a success. The regulator says it is looking at the possibility of scrapping the PIA&#39s current method of gathering and recording persistency across all products and replacing it with a new system which presents persistency alongside league tables, […]

Pension planning pre April 5

TAX PLANNING AND THE DC TAX REGIME Pensions have always formed an essential part of a client&#39s end of tax year planning. Appropriate pension planning will be even more important in the lead up to 6 April 2001 as account will need to be taken of the provisions of the new DC tax regime which […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com