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National healthcare service could boost IFA business

The Government’s proposals for a national service to fund long-term elderly healthcare could be a great opportunity for IFAs.

On Tuesday, health minister Andy Burnham launched the Health Department’s Green Paper into long-term elderly healthcare reforms. It proposes three options. The first is a partnership service, where the state funds a proportion of the cost and the individual funds the rest.

The second would be a voluntary insurance scheme, where people invest in a scheme before they go into care, supported by state funding. The third option would be a possible compulsory model, with people over 65 contributing to a scheme.

Symponia joint managing director Janet Davies says: “The proposals mean people will need to make up the difference using investments, pensions or equity release.”

Better Retirement managing director Tim Eadon says: “There is a lot of potential for IFAs.”

Partnership Assurance chairman Ian Owen says: “People need to be encouraged to make as much provision for their old age as possible and then when they are in retirement, the industry must continue to provide advice, support and products.”


Self-build mortgage enquiries up 39%

Self-build mortgage specialist BuildStore has revealed a 39 per cent year-on-year increase in self-build finance enquiry levels throughout the last quarter.

Help with legal issues

The article headlined, Drop in the ocean for repo help (Money Marketing, July 2), was very informative but could I reassure readers in need of legal advice on housing issues that there is help at hand. In fact, last year, over 170,000 people got legal aid to help them resolve their housing problems.


Britain's “Forgotten Army”: The collapse in self-employed pension membership – and what to do about it

Pension scheme membership among employees has risen by more than five million in the past four years because of the policy of automatic enrolment into workplace pensions. But Britain’s army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment. Pension coverage among the self-employed […]


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