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Tartan granny annexe could bring the house down

Many members of the Scottish Parliament want to contribute more public funds to long-term care funding than their English counterparts.

Scottish Nationalists, Tories and, more important, Liberal Democrats, who sit in coalition with Labour, want to implement much of the Royal Commission report and fund “personal” care as well as “nursing care” accepted by Westminster.

Political boffins call it legislative arbitrage but the insurance industry, witha better turn of phrase, has dubbed itthe “tartan grannies” issue.

What is clear is that the spending and taxation regimes and, as a result, the insurance regimes in England, Scotland, Wales and Northern Ireland could vary.

The first pressure point was always going to be LTC funding. Judging by their voting patterns over the last two decades, the Scots were always more likely to want to contribute more from the public purse.

The instant anomalies are easy to spot if the “tartan grannies” get more care than their English cousins. Should premiums be lower in Scotland? What about a Scot working in England but planninga retirement back home?

If this situation arises when Labour is by far the biggest party in Scotland, Wales and England, what will happen if different parties control the different parliaments?

These different attitudes to what the state can and will provide could easily extend to health insurance, critical illness and pensions. If serious differences do open up, the starting point for people looking for a solution, as with so many financial issues, is to get a good IFA.

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.

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