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Former ABI assistant director Nick Kirwan joins long-term care think-tank

Nick Kirwan 480

Former Association of British Insurers assistant director Nick Kirwan has joined longevity think-tank, International Longevity Centre-UK.

The organisation, which has been working on long-term care policy since 2007, is launching a cross sector care funding network which Kirwan will run, to bring together all key stakeholders in the social care sector in an effort to improve the way they work with each other.

The stakeholders ILC-UK hopes to get on board include central and local government, financial advisers, care providers and financial services providers.

Money Marketing revealed Kirwan, who will join ILC-UK next week, had left the ABI in November, following an internal restructure of the organisation.

He joined the ABI in July 2007 from Scottish Widows, where he was protection marketing director. Prior to this he spent eight years at Abbey National as head of protection marketing and product development.

In January, Kirwan joined the executive team of the Income Protection Task Force.

Kirwan will work alongside Baroness Sally Greengross, who is ILC-UK’s chief executive. Greengross has been a crossbench member of the House of Lords since 2000 and chairs five all-party parliamentary groups on dementia, corporate social responsibility, intergenerational futures, continence care and ageing and older people.

Greengross says: “Between now and April 2016, the care and support bill will result in radical changes to the care system and the way care is paid for. The period immediately ahead is therefore a crucial time of preparation to squeeze every last drop of benefit out of the new system. With money so tight everywhere, nothing less will do.

“I am delighted to announce that Nick Kirwan will be joining us to lead this important piece of work.”

Kirwan says: “Our top priority will be to ensure that the legislation provides a guided pathway for self-funders that leads to regulated financial advice.

“The average self-funder pays around £150,000 for their care over four years and yet currently only a tiny proportion currently get regulated financial advice. This is something we must put right, and now we have the ideal opportunity to do it.”

Earlier this month, a joint committee on the draft care and support bill said it should be amended so local authorities must direct individuals to a specialist independent financial adviser when they are paying for long-term care costs.

Chancellor George Osborne has revealed the social care reforms will be enacted in April 2016, a year ahead of schedule, with a lower cap of £72,000 instead of £75,000.

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Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. Nick, the very best of luck. Long term care is very much the “elephant in the room” of retirement planning. I was involved in the early efforts in the 1990s to introduce LTC insurance products to the UK and I very much hope you have better opportunities now than I did then.

  2. international financial advisers 27th March 2013 at 9:46 am

    Im impressed, I should say. Pretty rarely do I come across a blog thats each informative and entertaining, and let me let you know, youve hit the nail on the head. Your blog is significant; the problem is some thing that not sufficient men and women are talking intelligently about. Im seriously happy that I stumbled across this in my search for one thing relating to this issue.

    https://www.devere-group.com

  3. Thanks Malcolm. Your best wishes are appreciated and I’m thrilled to be working with Baroness Greengross on this key issue. It is the elephant in the room but now we have a real chance to make things better. Nick

  4. Thanks Malcolm. Your best wishes are appreciated and I’m thrilled to be working with Baroness Greengross on this key issue. It is the elephant in the room but now we have a real chance to make things better. Nick

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