Immediate needs annuity market could expand seven times - Research

IThe research, sponsored by market specialists Partnership, found that 40% of all LTC self funders could potentially afford and benefit from an immediate needs annuity (INA), a six of seven-fold increase on current numbers. Prof. Julien Forder, Professor of economics and social policy at the University of Kent, who conducted the study, estimated £4bn - £6bn is spent annually on private care but the INA market was only £100m. Prof. Forder presented the results at the Partnership Care solutions conference, and concluded there is significant scope to extend the beneficial use of INAs to ...