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.