LTC initiatives to benefit mainly HNW consumers, Zurich

Zurich principal of government and industry affairs Matt Connell suggested new industry initiatives, such as the Association of British Insurers' (ABI) joint action plan with the Department of Health announced last month, will predominantly benefit those with large pension pots. Government measures such as the more widespread use of deferred payment schemes and the Dilnot cap on care costs, are also likely to fail in helping prople hold on to their homes, Connell said. The ABI last month announced it will lobby government to relax rules around how much investors can withdraw from thei...