Protection

The Dilnot Commission report, set up by the Government to recommend a fair and sustainable funding system for adult social care in England, is to be welcomed.

The Financial Services Authority (FSA) has today banned two insurance brokers for misconduct including falsifying documents and underinsuring clients for their own financial gain.

Philippa Gee, managing director of Philippa Gee Wealth Management, has digested Dilnot's proposed reforms on care home funding and found a few things which stick in her throat...

The FSA said it may look at ways to improve the standard of advice for products that meet care fees funding needs.

With the advent of consultant charging, group risk offers a valuable opportunity for advisory firms to achieve significant additional income, research has found.

Advisers, providers and elderly charities welcomed the Dilnot report, but urged the government not to kick the recommendations into the long grass.

Actuaries' professional body, The Actuarial Profession, has said that, if implemented, the Dilnot Report will present significant opportunities for the long term care insurance market.

The Dilnot Report on care funding today suggested its recommendations, if adopted, could kick-start pre-funded products in the long term care (LTC) market.

The Commission on Funding of Care and Support today presented its findings to the government in its report Fairer Care Funding.

People in long term care (LTC) homes should not pay more than £35,000 for care and between £7,000 and £10,000 a year for accommodation and food, the Dilnot Commission has recommended.