Three things we learned this week

Just Retirement launches ‘immediate needs' annuity for care funding Pensions provider Just Retirement has launched an ‘immediate needs' annuity for people facing long-term care costs. The Care Funding Plan provides a regular stream of income - usually paid directly to a care provider such as a residential home, rendering it tax-free - in return for a one-off payment. Under the Care Bill, which was introduced in May last year, individuals will soon be responsible for meeting their care costs up to a £72,000 cap if they can afford it, which would be means-tested. To read more click...