Tories detail long-term care home protection plan

Under the proposed Home Protection Scheme, people could avoid residential care costs for life by paying a one-off fee of £8,000 when they hit 65. The policy was announced at today's Conservative Party conference. The Association of British Insurers (ABI) has said it would support the plan, though ‘the details will need to be examined carefully': "The ABI has long advocated a partnership between the public and private sectors to deal with the crucial, and costly, issue of providing long-term care for the elderly. "This proposal has many merits and we support its aims in principle -...