Can we reshape the pensions landscape to fund LTC?

Throughout the passage of the Care Bill, the government has repeatedly stressed the important role that financial services could play in helping self-funders pay for their care. It’s clear that pre-funded insurance products are a thing of the past, or “a dead duck” as Lord Lipsey put it in a speech in the House of Lords last year. In the market currently, Partnership and Friends Life are the only two proponents of immediate needs annuities, although that could be about to change, with Just Retirement looking at entering the market imminently. Despite this, there is a real lack of sui...