Chris Horlick discusses the role pensions and equity release can play in funding long term care
Andrew Dilnot's report has put the critical issue of how to fund long term care into sharp focus as the Government struggles to understand where to get the necessary funding to cover the vast costs. The issues are significant. The ageing population is rapidly growing, with the eldest, who are most likely to need care growing in number fastest. ONS statistics reveal that the number of people aged 65 or over will rise by 64% between 2007 and 2032. While this will take the figure from roughly eight million to 13.4 million, the oldest age group (over 85s) is anticipated to increase twice ...
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