Tue 18 Jun 2024 - The interest in long-term care is as old as the NHS. But we see the same questions come up time and time again on the difficulties in funding long-term care. The working party is making sure that actuaries are part of the conversation on developing a solution.
In this session the working party intends to give an update on developments since its last talk in 2022. The sessions covers:
In this session 2 members of the working party discuss these points and answer audience questions.
It’s a high-level session rather than a technical one. It should be of interest to actuaries at all levels with an interest in long-term care.
Tom has over 23 years’ experience in financial services with actuarial roles primarily focussed on pricing and product development. Tom is currently the Retail Pricing & Underwriting Director at Just where he is responsible for the pricing of Retail retirement products, including immediate needs annuities and equity release. Tom is the Chair of the IFoA Social Care working party that is currently undertaking research on the impacts of the new care funding system on individuals including considering potential insurance solutions. Tom co-authored a paper on “ ‘How pensions can help meet consumer needs under the new social care regime” in 2014 and provided input into a joint IFoA/Independent Age paper on the care cap in 2017, “Will the Cap Fit”. Tom has also authored several articles in ‘The Actuary’ magazine on the subject of care funding solutions over the years.