P674 Teletext 674 Mar30 00:54:07 FOR MONEY ——————————————————————————————————————— CARING FOR THE FUTURE By the year 2035 there will bj 6.84m elderly disabled people in the UK. "Elderly mortality has improved a lot faster than average mortality. Wj will be spending a longer proportion of our lives with disability" says Swiss RE. The insurer estimates the cost of care will rise from £46bn in 1995 to £65bn in 2031. Caring bz family mjmbjrs is unlikely to bj a long-term solution. ——————————————————————————————————1/7— Supjrscrooge is back here on Monday HAVE YOU SEEN FAMILY FINANCE? p540 Lost Touch Finance Viewer offers TVP674 Teletext 674 Mar30 00:54:42 FOR MONEY ——————————————————————————————————————— CARING FOR THE FUTURE Insurer Swiss RE has done research into the problem of long-term care and found: formal or professional care is the answer. In future most long-term care will bj funded bz the private sector. In 1996 3-4% of property transactions were forced sales to finance care. In the next 15 years, most care will bj funded from property equity. ——————————————————————————————————2/7— Execution only share-dealing 542 DON'T JUST SIT THERE! p672 Lost Touch Finance Viewer offers TVP674 Teletext 674 Mar30 00:56:58 FOR MONEY ——————————————————————————————————————— CARING FOR THE FUTURE Long term care is a global problem. Swiss RE studied other countries and came up with four alternatives: Partnership solutions: an insurance which exempts some assets from being assessed for State care provision Partial Equity Release: allows the asset rich, income poor to take out capital from their property. ——————————————————————————————————3/7— Get in touch with lost loved ones 675 CORPORATE BOND PEPS p543 Lost Touch Finance Viewer offers TVP674 Teletext 674 Mar30 00:54:14 FOR MONEY ——————————————————————————————————————— CARING FOR THE FUTURE Insurer Swiss RE believes another two alternatives for funding long term care could bj: Pensions: a "personal social fund" which covers pension, long term care and health insurance. Compulsory Social Insurance: builds up your own fund for your own long term care, a compulsory tax measure. ——————————————————————————————————4/7— Disability 686 Godlinjs 687 DO NOT LET MY SHARES GO DOWN p510 Lost Touch Finance Viewer offers TVP674 Teletext 674 Mar30 00:54:39 FOR MONEY ——————————————————————————————————————— CARING FOR THE FUTURE The Govjrnmjnt's consultative document on long-term care is dui out after Easter. Insurer Swiss RE believes: It's likely to address only the most immediate long-term care problems. It's an emotional issue - we want our children to benefit from our efforts. Long-term care is a classic insurance risk so insurers may hold the answers ——————————————————————————————————5/7— Supjrscrooge is back here on Monday NO REWARDS FOR LOYAL BORROWERS p544 Lost Touch Finance Viewer offers TVP674 Teletext 674 Mar30 00:55:55 FOR MONEY ——————————————————————————————————————— CARING FOR THE FUTURE Long term care plans have been criticisjd for being too expensive. Insurer Swiss RE believes we'vj started with the "Rolls Royce" of LTC products and wider, more flexible partnership policies will open the market to all. But Swiss RE's Carol Randall warns "LTC is njvjr going to bj cheap and there will always bj some people who cannot afford to fund their own care." ——————————————————————————————————6/7— Get in touch with lost loved ones 675 HAVE YOU SEEN FAMILY FINANCE? p540 Lost Touch Finance Viewer offers TVP674 Teletext 674 Mar30 00:51:52 Advert SUPER SCROOGE >> CLUB Affinity Magazine - the new magazine for the mature reader. Packed full of handy tips on everything from fashion & fitness to DIY & gardening As well as the fantastic.... Affinity club (In association with Mature Tzmjs) For only £20/yr become a CLUB MEMBER and get exclusive offers, discounts and free gifts as well as delivery to your own doorstep. For more details call - 01454 620070 or write to: The Affinity Club Bradley Pavilions, Bradley Stoke North, Bristol, BS12 0BQ Lost Touch Finance Viewer offers TV