Forward planning: Why long-term care insurance is a step too far

In today's ageing population, paying for social care is a huge issue not just for the individuals and families affected, but for society as a whole. We are pleased that the government is reforming the rules around how much individuals in England and Wales will be expected to contribute towards such care. Capping personal contributions removes the threat of an open-ended liability, but the actual rules are very complex and more needs to be done to help people understand what this means in their circumstances. The financial services industry has a long history of helping people prepa...