I will be looking to the Gov ernment's Health and Social Care Bill being introduced to Parliament to give an indication of how it plans to define nursing care.
Now that the Treasury committee looking into long-term care regulation has made its decision or at least announced a consultation exercise, Bennett says regulation will become a reality.
He believes this will be a good thing for the industry as it will inject greater consumer confidence into the industry.
“More and more people will need to understand how they personally stand when it comes to paying for LTC. The Government has now gone as far as it will do in providing assistance so there is a clear market here for IFAs to take advantage of.”
Scottish Provident product marketing manager Roger Edwards predicts big things for the protection market in 2001.
He says: “There will be massive market growth in 2001 and we will all benefit, particularly IFAs. I have already christened 2001 the Year of Better Protection.”