MPs: Develop financial products to fund LTC

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A group of MPs has found only 4% of the 40% of people who would benefit from investing in a financial product to fund care do so.

The All Party Parliamentary Group on local government's report - Care Now and For the Future has said the funding gap is around 4.4% a year, or £634 million. Speaking at the launch of the report, secretary of state for communities and local government, Eric Pickles said addressing the funding issue was "the most important thing we'll ever get right to [ensure] our twilight years are [treated with] dignity and compassion." The recommendations- based on evidence by charities and interested parties - said ‘significant thought will also need to be given to what other measures might encour...

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