The ABI has revealed it is opposed to a public compulsion to pay for future long-term care (LTC) needs.
Such a move would be expensive to implement and create many other social and practical issues, according to the Association. The Dilnot Commission into funding for long-term care is due to announce its findings in the summer, with a hybrid public-private financed solution expected to be featured. Nick Kirwan, assistant director of health and protection, spoke to COVER at the Partnership Care Solutions conference following a discussion that divided speakers and delegates. Some suggested compulsion was necessary to ensure people faced up to the reality of the situation which they wou...
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