Long-Term Care

LTC is an essential part of planning for later life

The Financial Conduct Authority's (FCA) business plan has failed to calculate the Dilnot cap on long-term care costs correctly, according to LEBC Group divisional director Kay Ingram.

A quarter of Brits are relying on inheritance to fund their retirement yet do not realise that one million homes have been sold to pay for care fees in recent years, NFU Mutual has warned.

LTC

LEBC Group has developed an advisory service in order to help people plan for their long-term care needs.

Just Retirement has called on government to it make compulsory in the incoming Care and Support bill that local authorities refer care funders to regulated financial advisers.

Elderly people will now have to pay £75,000 towards their care home bills before the government steps in to provide financial help.

An alliance of long-term care groups and campaigners has created a six-point plan calling for urgent and significant reform of the country's "unfair system".

Chancellor George Osborne left pensions tax relief alone, introduced a flat-rate state pension and gave a nod to the white paper on long-term care. But what do industry figures think?

The government is expected to recommend a cap on long-term care (LTC) fees of between £50,000 and £60,000, according to a report.