Advisers, providers and elderly charities welcomed the Dilnot report, but urged the government not to kick the recommendations into the long grass.
The report recommended a cap on care fees of £35,000 and a separate cap of between £7,000 and £10,000 on accommodation and food costs. The commission into long term care (LTC) funding also recommended an asset threshold of £100,000 (currently £23,250) below which individuals should not have to pay for care. Liz Faye, LTC specialist at Palm Financial Planning (pictured), said: "LTC is a growth area for advisers, especially in the light of the retail distribution review (RDR). "We are crying out for insurers to create more LTC products and competition; the more products the better." ...
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