LTC - A statement of intent

The Association of British Insurers (ABI) and the government recently signed a joint Statement of Intent setting out the steps needed to help people understand and plan for long-term care costs. The Statement was a call to arms on how the insurance industry will work with the government alongside the implementation of the Care Bill. Its mission is two-fold: to help people get information and access to regulated advice; and to create "the right conditions" for a larger number of financial products. The initiative was backed by providers including Aegon and Aviva. The products that a...