Planet Insurance: Long-term care

clock

The politics of long-term care funding has become very contentious in the run up to the election and the debate has moved from a relatively rational debate on options for the future to emotive political point scoring.

This is a shame, given the huge importance of this issue to the Nation. In brief, the Government published its Green Paper last year which proposed a new National Care Service. It ruled out ‘free’ support, thus retaining the post-war consensus which differentiates social care from the NHS. The preferred option was a £20,000 contribution which could be met in various ways, for example at retirement, through contributions through a working life or at death. Not surprisingly, the size of the contribution attracted media attention, but at this point we were still in rational debate mode betw...

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

The FCA Protection Market Study: What it means for intermediaries

The FCA Protection Market Study: What it means for intermediaries

'The FCA's review could lead to changes for intermediaries'

Kris Armstrong
clock 09 May 2025 • 4 min read
Are protection policies the key to avoid increased IHT bills?

Are protection policies the key to avoid increased IHT bills?

Changes have put life cover ‘firmly back into conversation’

Isabel Baxter
clock 08 May 2025 • 4 min read
PA360: 'The way we talk about protection has moved on'

PA360: 'The way we talk about protection has moved on'

Consumer Duty has increased interest from IFAs and wealth managers

Jenna Brown
clock 02 May 2025 • 4 min read