Equity Release Council backs winter fuel allowance proposals

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The Equity Release Council is supporting proposals for a means-tested winter fuel allowance to boost long-term care funding.

A report published today by CentreForum and supported by former care minister, Paul Burstow MP, claims savings made from such means-testing could generate £500 million a year for care. Andrea Rozario, director General of the Equity Release Council [pictured] said: "We fully back CentreForum's efforts to focus attention on the question of who pays for elderly care." She also said with at least half of people in the system required to fund all or part of their care, more must be done to provide access to financial advice to prevent people eroding their assets and quality of life. Roz...

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