View more on these topics

Former ABI assistant director Nick Kirwan joins long-term care think-tank

Former Association of British Insurers assistant director Nick Kirwan has joined longevity think-tank, International Longevity Centre-UK.

Nick Kirwan 480

The organisation, which has been working on long-term care policy since 2007, is launching a cross sector care funding network which Kirwan will run, to bring together all key stakeholders in the social care sector in an effort to improve the way they work with each other.

The stakeholders ILC-UK hopes to get on board include central and local government, financial advisers, care providers and financial services providers.

Money Marketing revealed Kirwan, who will join ILC-UK next week, had left the ABI in November, following an internal restructure of the organisation.

He joined the ABI in July 2007 from Scottish Widows, where he was protection marketing director. Prior to this he spent eight years at Abbey National as head of protection marketing and product development.

In January, Kirwan joined the executive team of the Income Protection Task Force.

Kirwan will work alongside Baroness Sally Greengross, who is ILC-UK’s chief executive. Greengross has been a crossbench member of the House of Lords since 2000 and chairs five all-party parliamentary groups on dementia, corporate social responsibility, intergenerational futures, continence care and ageing and older people.

Greengross says: “Between now and April 2016, the care and support bill will result in radical changes to the care system and the way care is paid for. The period immediately ahead is therefore a crucial time of preparation to squeeze every last drop of benefit out of the new system. With money so tight everywhere, nothing less will do.

“I am delighted to announce that Nick Kirwan will be joining us to lead this important piece of work.”

Kirwan says: “Our top priority will be to ensure that the legislation provides a guided pathway for self-funders that leads to regulated financial advice.

“The average self-funder pays around £150,000 for their care over four years and yet currently only a tiny proportion currently get regulated financial advice. This is something we must put right, and now we have the ideal opportunity to do it.”

Earlier this month, a joint committee on the draft care and support bill said it should be amended so local authorities must direct individuals to a specialist independent financial adviser when they are paying for long-term care costs.

Chancellor George Osborne has revealed the social care reforms will be enacted in April 2016, a year ahead of schedule, with a lower cap of £72,000 instead of £75,000.


FTB levels down in February, says NAEA

House supply levels increased in February at the same time house hunter and first-time buyer levels dropped, according to data from the National Association of Estate Agents.

Next Intel sets up multi-tie panels

Next Intelligence has launched two new multi-tie protection panels to sit alongside its whole-of-market panel. Directly authorised advisers can choose from a multi-tie panel which includes Bright Grey, Friends Life, L&G, LV= and PruProtect. There is also a four-plus-one option, which contains Aviva, Friends Life, Legal & General and LV= plus an insurer chosen by […]

Lifesearch’s Tom Baigrie: It is time for a protection trade body

It seems frankly bathetic to write about anything else when the savers of Cyprus seem likely to have their money stolen by order of the ‘Troika’ charged with saving the Euro. It might be that many of the foreign savers using Cypriot banks came by their money in ways they wouldn’t want fully investigated, but […]

Increase in house prices of 2.2% is ‘positive indicator’

UK house prices increased by 2.2 per cent in the 12 months to January 2013, according to figures from the Office for National Statistics. Aberage house prices reached £234,000 in January, up from £229,000 in January 2011, which the ONS says was driven primarily by a 5.5 per cent and 3 per cent increase in […]

Frexit & contagion risk in Europe

Many commentators have suggested the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune Head of European Equities Rob Burnett discusses the likelihood of this happening. Click here to read more Important informationInvestment risks Neptune funds may have a high historic volatility rating and past performance is […]


News and expert analysis straight to your inbox

Sign up