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Government announces long term care plans

The Government has announced plans to catmark long term care insurance. The widely anticipated move was first predicted in Money Marketing more than a year ago.

But the Government is to consult on the exact details of regulation. It is examining four options, a voluntary code of practice with Cat standards but without statutory regulation, partial regulation without advice included, full regulation of ltc with advice included — the preferred option – and full regulation of all medical insurance plans.

Treasury economic secretary Melanie Johnson says: "We have decided that new Cat standards are needed to set clear minimum standards for long term care insurance plans.


Buy to let more attractive says Savills

The buy to let market is becoming a more attractive market as the cooling of the residential property market combines with a possible future interest rate cut. Buy to let remains a medium to long term investment, with London and the South-east the most attractive market despite high prices. Savills Private Finance managing director Mark […]

Drawdown changes may mean holders dodge MVA sting

Imminent changes to income-drawdown regulations could spell a mass exodus of Equitable Life policyholders who could use the rules to avoid being stung by market value adjustment penalties. The Inland Revenue has confirmed that by the end of January it will introduce changes to allow pensioners already drawing down income to transfer providers for the […]

Rights of passage

Over the last few weeks we have been talking about the various ways in which a claim may be made against a spouse&#39s accrued pension rights in divorce settlements. What we have not yet done, however, is examine the chances that such claims might succeed. It is not automatic that a claim must or even […]

IFAs give polarisation overwhelming backing

IFAs have overwhelmingly given their backing to the current polarisation regime, acc ording to a survey by IFA the Lighthouse Group. Its research found that 98 per cent of IFAs believe the Government&#39s plans to relax polarisation will cause confusion and clients will not rec eive appropriate advice. The survey questioned 160 IFAs in England […]

Qatar cover image - thumbnail

White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.


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