LTC

The Queen has confirmed plans for an overhaul of the UK state pension system in the upcoming Pensions Bill.

Longevity think tank, the International Longevity Centre-UK (ILC-UK), has set up a network that aims to help ensure people are given regulated advice around long term care (LTC).

LTC

The age-old problem of old age: nobody wants to think about it, let alone plan for it. This still appears to be the case even though the topic of long-term care has been hotly debated in the press over the past few years.

A former minister who lost his job in the reshuffle has criticised the government for failing to deal with the burden of long-term care costs, suggesting the Treasury has "no sense of urgency" about the issue.

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About 80% of people set to retire this year have failed to make provision for funding ill-health and long-term care in retirement, Prudential research has found.

The Personal Finance Society (PFS) is seeking clarity from the Financial Services Authority (FSA) on whether advisers will need extra qualifications on long term care (LTC) insurance to remain independent post-RDR.

HSBC encouraged bank staff to refer customers to the Nursing Home Fees Agency (NHFA), according to an alleged training video.