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Long wait is over for LTC providers

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.


A busy year for the industry regulator comes to an end

The FSA was very busy this year putting its stamp on the world it will inherit come the mythical date, N2. Before it even got its feet off the ground, the regulator was busy shooting from the hip commissioning rep orts and making recommendations that could fundamentally change the IFAs&#39 world. After the now infamous […]

C&G releases homebuyers survey

Cheltenham & Gloucester is launching a new homebuyers survey that is specifically designed to be simple to read, following customer criticism of wordy and confusing surveys. The &#39C&G Survey&#39 is an optional extra to the free standard mortgage valuation provided on all C&G mortgage applications. Customers will pay for the survey on a sliding scale, […]

Norwich Union International appoints training manager

Norwich Union International, CGNU&#39s international offshore investment operation, has appointed Paul Kennedy as UK international technical & training manager. An IFA for 18 years, Kennedy was on NU&#39s Long Term Savings Technical Training Scheme where he gave training to over 1,000 IFAs. NUI director of UK distribution Steve Johnson says: “With his extensive experience and […]

A rollercoaster ride of a year comes to a close

The year 2000 will prove to be the one when almost everything changed. Just about any provider that could merge, sell up or demutualise did so. It saw the creation of the country&#39s number one life and pensions office, known as Norwich Union, the number two fund manager in Invesco/Perpetual and the number one network […]

Scheme pays explained

By Fiona Hanrahan, senior product insight and technical support analyst We’ve received lots of queries on scheme pays and when it can be used. This article explains how it works and the conditions which apply. What is ‘scheme pays’? If an individual exceeds the annual allowance (AA) and an AA tax charge is due, they […]


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