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Working women in cash fears on care for elderly

Eighty-three per cent of working women are concerned about funding

care for the elderly, according to a survey by Bupa and magazine Top Sante.

The Women and Work Survey 2001 of 5,000 working women also found that almost all working women do not think there is enough information available regarding options for elderly care.

The survey says there are seven million informal carers in the UK and that many older people find it difficult to cope and rely on friends and relatives to look after them. Of the working women surveyed, 75 per cent of those caring for an elderly relative say they find it stressful.

Bupa says it is comm-itted to easing concerns on caring for the elderly and recently introduced a panel of 110 IFAs specialising in advising on and selling long-term care insurance.

The service aims to ensure impartial and professional advice reaches those who might need to fund LTC.

Bupa managing direc- tor of Bupa Health Assurance Geoff Brown says: “IFAs have a responsib- ility to ensure that people have access to accurate and informative material on the various long-term care options available.”


Virginmoney calls for code on aggregation is leading calls for a voluntary code on account aggregation amid regulatory concerns that such services may be illegal.The move follows the publication last week of the FSA&#39s discussion paper on the regulation of e-commerce, which warns providers not to sign up to any aggregation service that may see them fall foul of the […]

Britannia slashes SVR

Britannia Building Society is slashing mortgage rates twice next month in a bid to retain existing borrowers.From July 1, Britannia is cutting its standard variable rate to 6.89 per cent from its existing level of 7.14 per cent and introducing loyalty bonus rates for long-time customers.Borrowers who have held their mortgage for at least 5 […]

Gartmore appoints equity finance specialist

Gartmore is appointing Alan Hadley as equity finance specialist in its dealing and derivatives team.Hadley was previously with Merrill Lynch International, CIBC Wood Gundy and most recently US Clearing/Fleet Securities where he worked on the trading of European, Far Esat and Asian equities. He will report to Gartmore head of derivative investment Doug Shaw.Shaw says: […]

Misys deal could face probe over competition

The Misys deal may face investigation by the competition authorities depen-ding on how the Office of Fair Trading defines market share.Misys is referring the DBS deal to the OFT this week and is confident it will pass the competition regulations. But investigations by the OFT and possible further action will depend on how the OFT […]

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Absence management systems gone AWOL from UK’s SMEs, reports Jelf

A quarter (23 per cent)* of the UK’s small to medium-sized enterprises (SMEs) do not have an absence management system in place, according to new research from Jelf Employee Benefits. Despite 69 per cent* of organisations having a system in place, three-quarters (75 per cent) report that it is not providing them with sufficiently empowering absence or health data to inform an effective wellbeing programme.


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