State benefit shake-up needed for long-term care solutions

Speaking at the third evidence session of the Health Select Committee's inquiry into social care, Rozario alerted MPs of Pensions Policy Institute research which found pensioners were sitting on £250 billion of housing equity. Currently the equity release market stands at just under £1bn a year with only a very small part of this equity going towards care funding. Rozario explained there remains a lack of knowledge about equity release among the general public: "They are not necessarily aware of how products have changed or the safeguards that are available, and that they could actually ...