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Warning of continued need for LTC cover in Scotland

Free personal and nursing care became a reality in Scotland this week as the underpinning legislation came into effect on July 1.

The decision to provide free care of up to £210 a week will potentially affect 75,000 Scottish pensioners owning assets of less than £18,500.

This compares with a maximum of £110 a week of available funding in England, which only pays for nursing care.

But specialist long-term care IFAs believe that rising costs, especially in care home charges, mean there will still be a need for long-term care cover.

They warn there is a danger that Scottish pensioners will not make LTC provision when they know that more funding is available and are stressing the need for advice.

Scottish First Minister Jack McConnell says free personal care is a core policy for the Scottish Executive that will be delivered for years to come.

Nursing Home Fees Agency partner Philip Spiers says: “Even with the new funding in Scotland, between rising care home costs and cutbacks in other areas of benefits, there will still be a substantial shortfall to make up and still a need for long-term care insurance.”

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