The long-term care market spent most of the year waiting for direction from the Govern ment in terms of funding and regulation.
Finally, after what some industry sources say has been a five-year delay, the Govern ment made its response in July which was met with a sense of disappointment.
The Government failed to accept the key recommendation of the Royal Commission to pay for nursing as well as personal care, has yet to define exactly what it means by nursing care and there has been no decision made as far as regulation goes. PPP Life time Care LTC marketing manager Paul Bennett says: “Many were disappointed to find the Govern ment did not accept the main recommendation of the Royal Comm ission.”
Elsewhere in the protection market there were mergers and start-ups at several of the major players.
Scottish Provident is currently being bought by Abbey National and Scottish Equi table rebranded former Guar dian Employee Benefits as Scottish Equitable Employ ee Benefits.