Aviva questions Govt long-term care plan

clock

It will be "extremely difficult" to encourage people to pre-fund for long term care, Aviva says.

It follows proposals unveiled in a Government green paper yesterday suggesting individuals should invest between £12,000 and £20,000 in an insurance scheme in return for a guarantee of long-term care. The maximum cost is less than the average £30,000 now paid by elderly people in need of care, but the proposals have been praised for potentially putting an end to the elderly being forced to sell their homes to fund the care they need in later life. Contribution options under consideration include payments being collected during a person's working life or a lump sum being deducted from ...

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 Your profession

Feel Good Friday: SJP partners and employees complete Westerham's charity 'Big Walk'

Feel Good Friday: SJP partners and employees complete Westerham's charity 'Big Walk'

Nearly a hundred people took part in 21.9km trek

Professional Adviser
clock 20 June 2025 • 1 min read
ISA manager enters liquidation

ISA manager enters liquidation

Digital pension and ISA provider ceases trading

Sahar Nazir
clock 19 June 2025 • 2 min read
EV boss warns of adviser exodus impact

EV boss warns of adviser exodus impact

Chet Velani urges industry to embrace technology to safeguard future of advice

Sahar Nazir
clock 19 June 2025 • 2 min read