Around the world: Far East auto enrolment

clock

The Dilnot Commission has raised the profile of long-term care. Could disability linked annuities be the answer? Greg Becker investigates a Singaporean solution.

435,000 people are currently in nursing or residential care in the UK. This suggests that there is a need that could be met by long-term care (LTC) products. Products that cover LTC needs should be highly desirable as they kick in when people are at their most vulnerable, are unlikely to be able to work again and thus accumulate additional assets. Currently, with uncertainty in the duration of care – one in ten are expected to incur more than £100,000 in LTC costs – i­ndividuals with sufficient resources should be clamouring to purchase products to ring-fence their LTC outgoings. B...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Protection and pensions: Overcoming challenges faced across both sectors

Protection and pensions: Overcoming challenges faced across both sectors

'Pensions and protection aren't often spoken about in the same sentence'

Paul Yates
clock 11 June 2025 • 4 min read
Training day: How will CPD changes impact protection?

Training day: How will CPD changes impact protection?

Rules may “lead to protection being overlooked”

Cameron Roberts
clock 30 May 2025 • 6 min read
'Surely we're capable enough of doing it ourselves': Industry says protection should be in-house

'Surely we're capable enough of doing it ourselves': Industry says protection should be in-house

Majority believe IFAs and wealth managers should not outsource, PA Asks finds

Isabel Baxter
clock 13 May 2025 • 3 min read