Public beleives state should continue payingfor elderly
Article Abstract:
Research conducted by the charity Help The Aged and General Accident, has revealed that almost 75% of the general public believe that the state should pay for long-term care. Some 65% of the 1,700 people questioned said that it should not be necessary to have to sell homes or use personal savings in order to fund care during old age. The news comes as the government prepares to do exactly this and move the burden onto the individual. The findings of the survey will be presented to the Royal Commission on Long Term Care on September 24 1998 and many believe that the commission will see no alternative but to recommend more private-funding. Some 69% of those questioned said that the NHS or local authorities should provide some sort of nursing care for the elderly. Only 13% said that they should pay for private nursing care themselves.
Comment:
UK: Research says that almost 75% of general public believe that state should pay for long-term care
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 1998
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Looming compulsion boosts IFAs
Article Abstract:
Government proposals to encourage new borrowers to take out mortgage protection insurance are likely to benefit independent financial advisers (IFAs) in particular thanks to their flexibility in products and prices. Many borrowers are currently reluctant to spend GB 5 or GB 6 per GB 100 of cover when around 75% of them already benefit from free accident and health insurance from their employer. IFAs can offer rates up to 50% cheaper than the product offered by the mortgage lender. Demand for mortgage protection insurance is also likely to be encouraged by growing uncertainty about a stable job market and less provision by the welfare state.
Comment:
UK: Government proposals to encourage new borrowers to take out mortgage protection insurance are likely to benefit IFAs
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 1998
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Comment about this article or add new information about this topic:
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