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IFAs warned as Welsh reveal LTC proposals

IFAs must be wary when advising clients on their long-term care insurance

needs because of the differences in funding plans in the UK, providers have


The warning comes after the Welsh Assembly said it plans to join Scotland

and Northern Ireland in splitting from Westminster over funding for care.

The Welsh plans, which will not come into effect until April 2002, include

having one band of funding for LTC, a flat rate amount of £90 a week

of assistance for people deemed to require nursing care.

The move means each of the four home nations could have varying ways of

funding the costs associated with nursing care.

In England, funding of nursing care is set to start in October, with three

benefit bands ranging from £35 to £110 a week.

Last week in a speech at Glasgow University, Scottish First Minister Henry

McLeish reiterated his intention to fund all personal as well as nursing

care costs, saying he was determined to spare older people and their

families the catastrophic cost of longterm illness.

Northern Ireland has indicated that it is likely to follow Scotland&#39s lead

by paying for personal and nursing care.

Leading IFAs say the moves make little difference as every local council

in England seems to have a different attitudes towards what constitutes

nursing care.

Norwich Union LTC strategy manager Sandy Johnstone says: “People are going

to have to make sure the advice they receive from an IFA takes into

consideration where they live in the UK.”

IFA Nursing Home Fees Agency partner Philip Spiers says: “It is still

going to be a bit of a postcode lottery depending on where someone lives,

even within England.”


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