Stephen Lowe: Taking care to plan for a better future

Encourage and incentivise

clock • 4 min read

The government's long, long-awaited green paper on care funding is a chance to rethink how people interact with the care system and, writes Stephen Lowe, ideally to encourage a higher level of planning for later life

Financial stability and security are key personal goals for later life so it is ironic - and worrying - that the care homes market appears so fragile and unstable. Four Seasons Health Care Group, which has more than 300 care homes in the UK, recently fell into administration, joining three other major care home operators that have put themselves up for sale in the last year. This is a diverse sector with a mix of large and small providers, both commercial and ‘not for profit' all competing for business. Yet many in the sector are feeling the squeeze from a combination of tighter regulati...

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

Join

 

Already a Professional Adviser member?

Login

More on Long Term Care

Immediate needs annuities: Tackling the LTC conundrum

Immediate needs annuities: Tackling the LTC conundrum

The cost of the INA will be deducted from the estate

Mark Lisle
clock 06 December 2023 • 3 min read
Political parties must 'come clean' on social care plans

Political parties must 'come clean' on social care plans

Social care plans not mentioned at Labour or Tory party conferences

Jenna Brown
clock 11 October 2023 • 1 min read
Industry collaboration needed to spark social care change - ABI

Industry collaboration needed to spark social care change - ABI

Hannah Gurga addresses social care and climate challenges

Hemma Visavadia
clock 23 February 2022 • 2 min read