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Equity release to help with LTC costs

Government equity-release schemes to help the elderly meet the cost of long-term care are on course to be introduced by October if Labour wins the election.

The party&#39s manifesto confirms its commitment to the NHS Plan. While few details are given, it is bel-ieved to revolve around the concept of loans being provided by local authorities.

The LibDems and the Conservatives have given LTC a high profile in their campaigns. The Tories propose LTC policyholders can ringfence their assets against further costs whereas the LibDems agree with the royal commission on LTC&#39s recommendation of free nursing and personal care.

Equity-release trade body Safe Home Income Plan chairman Mark Goodale says: “We are waiting on the details. This is an opp-ortunity for public/private partnerships to draw in the equity-release sector.”

Age Concern spokeswoman Katey Karam says: “The proposal is just a smokescreen to disguise the fact that the Govern-ment is unwilling to implement the royal comm- ission&#39s recommendations. We would advise anyone who was considering taking out one of these loans to see an IFA.”


Anger over clutter of Isa posters on the Tube

Lobbying by leading fund managers and advertisers is forcing TDI, the company responsible for Lon-don Underground poster ads, to develop a new poster placement policy.Leading names such as Gartmore and Jupiter and their ad agency Ptarmigan Media are up in arms about the positioning of their Isa posters adjacent to competitors&#39 ads during this year&#39s […]

Axe member resolutions, demands Nationwide

Resolutions put forward by building society members place “intolerable pressure” on the boards of mutuals and should be scrapped, says Nationwide chairman Charles Nunneley.Speaking last week at the Building Societies Association conference in Harrogate, Nunneley claimed it makes no sense in today&#39s environment to give customers stakes in mutuals when they can have- like Nationwide […]

IFA firm chief joins Torquil Clark

Former proprietor of the fee-based IFA Gee & Company Philippa Gee has joined Torquil Clark as relationship manager. Her responsibilities will include commenting to the press on investment and other financial issues.

Sarasin – Sarasin Equisar Ex-UK Global Thematic Fund

Friday, 25 May 2001.Type: Oeic.Aim: Growth by investing in blue chip equities globally excluding the UK.Minimum investment: Lump sum £250 monthly £100, Isa lump sum £1,000 monthly £250.Investment split: 100 per cent investing in blue chip equities globally excluding the UK.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5 per cent, annual 1.5 per cent.Commission: Initial 3 […]


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