View more on these topics

Long-term care gets a deserved place on agenda

Long-term care seems to have finally made it on to the political radar following the Government’s recent green paper and the Conservatives’ home protection plan proposals.

Under Tory plans released this week, a voluntary scheme with a one-off £8,000 joining fee at retirement would guarantee that all fees for permanent residential care would be paid for the rest of the individual’s life.

The scheme would be run with insurers which are presently very reticent of providing LTC cover due to the high costs involved.

The Government is looking at a number of proposals, including private/public sector partnerships, a voluntary insurance scheme or a compulsory model.

Radical proposals to deal with LTC are needed and a public/private partnership in which the Government takes away some of the insurer’s risk has considerable merit.

But politicians need to tread with caution and give the subject the time and thought it deserves. It must be remembered that LTC costs are not just an issue for retirees.

Most important, any proposals must fit in with broader welfare reforms. The lack of joined-up thinking on welfare policy seen in recent years cannot be allowed to continue.


Tough challenges ahead for Europe

European governments face tough challenges over the next three to five years to resolve imbalances in the region, says Iain Begg, a professorial research fellow at the London School of Economics.

The test of independence

Having reread the latest retail distribution review paper, I am left somewhat puzzled as to exactly what independence means.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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