Public has 'massive disconnect' with reality of LTC costs - CII

Those people expecting to fund their care needs with a pension are likely to face a huge annual deficit as average pension pots provide less than half the average cost of a year in a residential home. A Chartered Insurance Institute (CII) report noted the results were particularly concerning given the recent publicity of the Dilnot Commission's findings suggesting a public-private hybrid model should be created. However, perhaps encouragingly for the financial services sector, over 50% of MPs preferred a partnership model similar to that proposed by the Dilnot Commission. It reveal...