Asked by: Baroness Altmann (Conservative - Life peer)
Question to the Department of Health and Social Care:
To ask Her Majesty’s Government what discussions they have had with the savings industry about (1) new insurance products to help provide for later life care needs, and (2) new savings products to help people provide for later life care needs; when any such discussions took place; and whether they were productive.
Answered by Lord O'Shaughnessy
Officials have met regularly with representatives of the insurance industry for productive discussions on a range of issues, including the availability of insurance and savings products to cover the costs of care.