Care needs: financial services industry to develop products to - TopicsExpress

Care needs: financial services industry to develop products to help people plan Care and Support Minister, Norman Lamb, and the Director General of the ABI, Otto Thoresen, have signed a joint ‘statement of intent’ committing to work together to help people get the information they need to plan and make decisions about how to pay for their long term care and create the right conditions for a larger market of financial products that will give people more choice. Norman Lamb said: “The current care and support system doesn’t work and is hugely unfair. People face losing almost everything they’ve worked hard for or being forced to sell their family home in a time of crisis to pay for the care they need.” https://gov.uk/government/news/care-needs-financial-services-industry-to-develop-products-to-help-people-plan

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