Temporary demand for care decrease: self pay increase

clock

A 15-year decline in care home demand has ended - yet many are still forced to pay for themselves.

According to market analyst Laing & Buisson’s annual report on the UK independent care home market there is an increased influence of private payers on the sector. Its analysis shows the private share of the market has risen to 41%, a trend predicted to continue in the future, with the number of independent sector residents projected to rise from 419,000 in 2009 to 424,000 in 2014 and then 459,000 (2019). Dan Read, head of care at Partnership, pointed out there is plenty of opportunity for the private sector to target this surge in demand. “From 2014 onwards we will see a large increa...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Training course launched for wealth advisers to address protection gap

Training course launched for wealth advisers to address protection gap

‘It is crucial to engage wealth advisers who have withdrawn from protection post-RDR’

Isabel Baxter
clock 17 January 2025 • 2 min read
The family tree: Protection through the generations

The family tree: Protection through the generations

Protection needs during different life stages

Gregor Sked
clock 04 December 2024 • 4 min read
Protection: Should our finances be single or joint?

Protection: Should our finances be single or joint?

Single policies typically offer greater value and more flexibility

Kevin Carr
clock 02 December 2024 • 4 min read