Government will seek to implement the Dilnot Commission's long-term care cap by 2015, Nick Clegg has revealed.
The coalition government has renewed its commitment to reforming long-term care but has not confirmed the level of a cap or timescales for implementation.
The industry is continuing to report pre G-Day sales spikes as it moves beyond the 21 December implementation deadline.
A government cap of £75,000 on long-term care (LTC) costs reported yesterday will benefit 'very few' of the people actually in LTC, according to advisers and industry experts.
Elderly people will now have to pay £75,000 towards their care home bills before the government steps in to provide financial help.
Advisory businesses are acknowledging the benefits of execution-only capability, but struggling to build viable propositions, according to one major adviser support group.
Most over 40s have not made plans for elderly care costs as they expect to financially support their adult children, according to research.
Winter fuel benefit should be means tested to meet the long-term care ‘time bomb', according to a Liberal Democrat MP.