Care and Support Minister, Norman Lamb, and Director General of the Association of British Insurers, Otto Thoresen, have signed a joint ‘statement of intent’ committing to work together to improve access to financial information and promote a wider choice of financial products for people planning care for themselves and their loved ones.
The Government's funding reforms seek to promote clarity, choice and peace of mind for people concerned about how to meet their own care costs. The reforms already announced include a cap on the cost of care to protect people from unlimited bills and deferred payments to avoid the need to sell a person's home to fund their own care.
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