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LTC languishing amid Govt delay

The long-term care insurance market is stagnating because the Government has taken so long to respond to the royal commission report, claim the LibDems.

Spokesman for older people Paul Burstow criticised the decision to fund nursing care but not personal care, saying the difference between the two is very difficult to define. He saida LibDem Government would pay for both sets of costs, which would result in ltc premiums dropping dramatically.

Age Concern England director general Gordon Lishman, speaking at a fringe meeting, called for the establishment of an independent LTC committee made up of financial services and care experts to look at issues such as cost and regulation.

Lishman said the FSA would be the appropriate body to set up the committee but he says it must bring in outside expertise.

Burstow said: ” If that market is going to develop it needs a degree of certainty and it needs some regulation.”


Skipton Building Society – Flexible Two-Year Fixed Rate Mortgage

Friday, 29th September 2000Type: Fixed-rate flexible mortgage.Fixed term: Until October 31, 2002.Fixed rate: Up to 80 per cent of valuation with insurance – 5.49 per cent, up to 80 per cent of valuation without insurance – 5.74 per cent, up to 95 per cent of valuation with insurance – 5.74 per cent, up to 95 […]

NU withdraws Bicentenary bond amid rate row

Norwich Union is withdrawing one of its with-profits bonds due to the furore surrounding high headline rates.It is writing to IFAs about the decision to withdraw the Bicentenary bond this Friday.The letter says: “It is becoming increasingly obvious that with-profit investment bonds being sold on the basis of high &#39headline rates&#39 are potentially confusing and […]

John Charcol – Three-Year Fix

Friday, 29th September 2000.Fixed term: Three years.Fixed rate: 5.89 per cent.Minimum loan: £75,000.Maximum loan: Up to 75 per cent of valuation subject to a maximum of £750,000.Income multiples: 3.5 times principal income plus second or 2.5 times joint.Arrangement fee: £444.Redemption fee: 3 per cent of advance for first three years.Conditions: None.Introducer&#39s fee: Nil.Tel: 0800 718191.

Middle of the road mortgage

Bank of Ireland Mortgages has come up with a flexible mortgage which it claims fits in with what the majority of customers really want.BIM says it has adopted a “middle of the road” approach for the loan.It has flexible features but the company claims it will not let homeowners borrow more than they can afford […]


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


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